Week InReview:  The Black Friday Edition

Cross-Border Oversight: (Nov. 26) The International Organization of Securities Commissions ("IOSCO") published the consultation report of the IOSCO Task Force on Cross-Border Regulation, which identifies and describes cross-border regulatory tools and challenges, in order to protect investors, maintain market quality and reduce systemic risk. Comments are due Feb. 23, 2015. Read more. 


CME Market Surveillance Lacking: (Nov. 25) Several derivatives markets owned by CME Group Inc. need to shore up their audit trail and trade practice surveillance programs, staff of the Commodity Futures Trading Commission ("CFTC") said. Read more. 


Mutual Funds/Market Structure Rules: (Nov. 24) Several Securities and Exchange Commission ("SEC") divisions are considering how thoroughly to pursue possible rules on mutual funds, aggressive trading strategies and alternative trading systems, according to a regulatory agenda posted online Nov. 21. Read more. 


Revenue Reporting: (Nov. 24) Following discussions on concepts for subtotals, the Financial Accounting Standards Board ("FASB") said it would consider whether or not to develop concepts for other comprehensive income ("OCI") in its conceptual framework for financial reporting. Read more.


Legislative Affairs 101: (Nov. 23) "Saturday Night Live" had some fun over the weekend with a re-write of Schoolhouse Rock's 1975 classic "I'm Just a Bill" featuring a character playing President Barack Obama pushing a bill down Capitol Hill three times as part of his executive action on immigration.


Capitol Hill Open - Saturday Night Live 







This is not an all-inclusive list of congressional, agency and market participant actions related to these issues. It is a snap-shot of what we believe is of most interest to institutional investors. Some links are to subscriber-only sites. 


Be sure to check our website for this InReview, upcoming events, and all our INVESTORS updates.  www.association.institutionalINVESTORS.org