Echoing a similar statement made by the financial regulatory agencies earlier this week, the Securities and Exchange Commission today affirmed that its regulatory guidance is nonbinding.

As Fannie Mae and Freddie Mac continue moving toward a single security, the Federal Housing Finance Agency today issued a proposed rule directing the GSEs to harmonize their programs, policies and practices that affect the prepayment rates of to-be-announced-eligible mortgage-backed securities.

The federal banking agencies today issued an interim final rule that implements an ABA-advocated provision of S. 2155 that expands the pool of what counts as high-quality liquid assets under the Liquidity Coverage Ratio.

The CFTC today announced plans to update an outdated rule on securities futures products that will affect exchanges listing SFPs.

As the FDIC board and the OCC today formally proposed the interagency revisions to the Volcker Rule that were unveiled by the Federal Reserve yesterday, the banking agencies are no longer enforcing Volcker for banks and holding companies subject to the exemption under the recently enacted S. 2155 regulatory reform bill.

The Federal Reserve Board today unanimously voted to propose a long-awaited set of changes to the Volcker Rule that is expected to simplify the rule’s compliance burdens and better target the rule’s effects toward intended activities.

Fannie Mae and Freddie Mac today announced that the new common security they have been developing -- the uniform mortgage-backed security, or UMBS -- will be implemented on June 3, 2019.

In a speech to a group of international bankers today, Federal Reserve Vice Chairman for Supervision Randal Quarles provided some hints about what might be included in a long-awaited rewrite of the Volcker Rule that banking agencies are currently working on.

Big changes are coming to the residential mortgage-backed securities market in 2019. Will you be ready?

In a letter to Federal Reserve Governor Jerome Powell today, ABA President and CEO Rob Nichols welcomed Powell’s commitment to revise the Volcker Rule and offered three tweaks that the banking agencies can make to the rule without congressional action.