Stock exchanges have been given guidelines on how they describe and justify their fees for services such as data provision and connectivity, the US Securities and Exchange Commission said.

In a speech on May 21, former Federal Reserve governor Daniel Tarullo criticised many of the current Republican administration’s regulatory reforms and said US Globally Systemically Important Banks (G-SIBs) should hold more capital.

A bill designed to levy a tax on financial transactions has been presented to lawmakers by Democrat Senator Bernie Sanders and is supported by Democrat congresswoman Barbara Lee.

The US has fully implemented the principles for financial market infrastructures (PFMI) relating to payment systems (PSs), central security depositories (CSDs) and securities settlement systems (SSSs) said the global bodies, which oversees these standards.

A federal judge gave CBOE Global Markets a reprieve from an investor class action lawsuit by dismissing it on the basis that the plaintiffs failed to convincingly prove that the exchange was collaborating in the manipulation of some of its indices.

The US-UK Financial Regulatory Working Group met for the second time in Washington on May 23, where deeper cooperation and more work on financial innovation was discussed.

As part of its evaluation of G20  too-big-to-fail (TBTF) reforms, the Financial Stability Board (FSB) is requesting feedback by June 21 for a consultation.

There is growing evidence that regulators are pursuing clarifications with their peers and are implementing a number of other measures to halt the decline in correspondent banking relationships, the Financial Stability Board (FSB) said in a statement.

Legal Entity Identifiers (LEIs) have been made digitally machine readable due to a partnership between the Global Legal Entity Identifier Foundation (GLEIF) and XBRL International, a global community overseeing the XBRL standard.

Crypto-assets, market fragmentation, asset management, margin requirements, fintech, sustainable finance, cyber risk and data protection were all cited as among key priorities at the International Organization of Securities Commissions (IOSCO) annual meeting in Sydney.