The US Treasury's research arm has warned that clearing houses could become a "single point of vulnerability" if they lack the resources to withstand a larger member default.

The Richmond Federal Reserve says the level of explicit and implicit state guarantees is still high enough to pose the risk of moral hazard in the financial system. 

Barclays and Credit Suisse have agreed to pay $150m to settle charges that they misled users of their dark pool trading venues about the presence of aggressive participants using the systems.

The 2016 adverse scenario for US banks will include a larger widening of credit spreads and negative US short-term interest rates.

Legislators from both US political parties have backed a reform that would allow banks to include US municipal bonds in their liquidity buffers.

Non-bank systemic financial institutions in the US have sought to add more detail to their 2016 living wills, but large funding requirements for some systemic banks continue to raise doubts about the viability of their resolution plans.

Funds will potentially face an absolute limit on notional derivatives exposure and will need to set up a formal derivative risk management programme including segregated assets to pay margin calls.

The US regulators will consider a wide range of indicators of systemic risk to raise capital during periods of rising risk taking.