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Cboe EDGX Rule Filing Increases Data Feed Depth Levels to Twelve

The SEC published notice that Cboe EDGX Exchange filed a proposed rule change under SR-CboeEDGX-2026-020 to amend Exchange Rule 13.8. The Exchange proposes to increase aggregated depth-of-book price levels in the Summary Depth data feeds from five to twelve price levels per side, and to provide up to twelve price levels for Cboe One Premium in addition to the existing five levels currently offered.

Cboe BZX Twelve Price Levels Data Feeds

SEC published notice of Cboe BZX Exchange's proposed amendment to Rule 11.22, filed pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934. The Exchange seeks to increase aggregated depth-of-book price levels in Summary Depth data feeds from five to twelve per side and provide up to twelve price levels for Cboe One Premium. Market participants using Cboe market data feeds may be affected by this technical change to data product specifications.

Cboe BYX Proposes Twelve Price Levels per Side for Data Feeds

The SEC published notice of Cboe BYX Exchange's proposed rule change to amend Rule 11.22 to increase aggregated depth-of-book price levels from 5 to 12 per side for Summary Depth and Cboe One Premium data feeds. The proposal was filed on April 2, 2026, and the SEC is soliciting comments from interested persons.

Cboe Exchange - VIX Future-Option Orders Proposed Rule Change - Order Instituting Proceedings

The SEC has issued an Order Instituting Proceedings to determine whether to approve or disapprove Cboe Exchange's proposed rule change to permit VIX future-option orders. The orders would combine VIX options traded on Cboe with VX futures traded on Cboe Futures Exchange, allowing investors to execute combined hedging or investment strategies in a single order rather than through separate transactions. The Commission received no public comments on the proposed rule change.

Cboe EDGA Proposes Twelve Price Levels per Side for Data Feeds

The SEC published notice that Cboe EDGA Exchange filed a proposed rule change SR-CboeEDGA-2026-009 to amend Rule 13.8, increasing aggregated depth-of-book price levels in the Summary Depth data feeds from five (5) to twelve (12) price levels per side. The Exchange also proposes to provide up to twelve (12) price levels for Cboe One Premium in addition to the existing five (5) price levels currently offered.

Order Instituting Proceedings on NYSE American Proposed Rule Change to List Grayscale CoinDesk Crypto 5 ETF Options

The SEC has instituted proceedings under Section 19(b)(2)(B) of the Securities Exchange Act to determine whether to approve or disapprove NYSE American LLC's proposed rule change to list and trade options on the Grayscale CoinDesk Crypto 5 ETF (GDLC). GDLC is a crypto assets fund consisting of five widely held digital assets. The Exchange proposes physically settled, American-style options subject to position and exercise limits in NYSE American Rules 904 and 905.

Form 4 Beneficial Ownership Reporting Information Collection Extension Comment Request

The SEC is soliciting comments on extending OMB Control No. 3235-0287 for Form 4 (Statement of Changes in Beneficial Ownership of Securities). Form 4 requires reporting persons (directors, officers, and 10%+ owners) to disclose beneficial ownership changes within two business days of execution. The SEC estimates 62,243 respondents filing approximately 212,003 responses annually, with a burden of 0.5 hours per response and no external cost burden.

Four Senior Leadership Appointments: DCP, DRR, Innovation, Chief of Staff

The FDIC announced four senior leadership appointments effective April 13, 2026. Benjamin Olson was appointed Director of the Division of Depositor and Consumer Protection with 24 years of experience including roles at CFPB, Capital One, and Buckley LLP. Shawn Khani was appointed Director of the Division of Resolutions and Receiverships, previously serving as Acting Director. Trey Maust was appointed Chief Innovation Officer, previously Executive Chairman of Lewis & Clark Bank. Sam Lupas was appointed Deputy Chief of Staff, previously senior policy advisor at HUD's Federal Housing Administration. These appointments affect internal FDIC operations and regulatory direction.

Charges Filed Against Monica Davalos Villaseñor for Securities Fraud Targeting Spanish-Speakers

Colorado Securities Commissioner Tung Chan filed civil charges against Monica Maria Davalos Villaseñor of Montrose, Colorado, on April 2, 2026, for securities fraud and unlicensed securities activities. Davalos allegedly sold investment contracts for Smart+, Inc., Smart Plus Corporation, and SBC Smartfund Limited through social media and seminars targeting the Spanish-speaking community, claiming high returns and low risk while failing to disclose she lacked securities licensing in Colorado and that Mexican authorities had issued warnings against Smart+.

Colorado Files Securities Fraud Charges Against Davalos for Smart+ Scheme

Colorado Securities Commissioner Tung Chan filed civil charges on April 2, 2026, against Monica Maria Davalos Villaseñor of Montrose, Colorado, for securities fraud and unlicensed securities activities in violation of the Colorado Securities Act. Davalos allegedly sold investment contracts for Smart+, Inc., Smart Plus Corporation, and SBC Smartfund Limited, targeting the Spanish-speaking community through social media and seminars with promises of high returns and low risk while failing to disclose she was unlicensed and that the Mexican government had issued warnings about the offerings.

Governing Council Urges Single Market Boost to Strengthen Bank Competitiveness

The ECB Governing Council published its response to the European Commission's public consultation on EU banking sector competitiveness. The response, endorsed by all euro area central banks, calls for the euro area to function more as a single jurisdiction where capital and liquidity can move freely across borders. Key proposals include shifting banking rules from directives to directly applicable regulations, merging five macroprudential buffers into two, and increasing proportionality for smaller banks.

CFTC v. Matos - $1.3M Restitution and Penalties for Commodity Pool Fraud

The CFTC announced the U.S. District Court for the Middle District of Florida entered a consent order against Emir Jesus Matos Camargo for futures fraud and related violations involving commodity pool operations. The court ordered $666,038.67 in restitution and $666,038.67 in civil monetary penalties, jointly and severally with defaulted defendant Aureus Revenue Group LLC, for a total exceeding $1.3 million. The order also imposes permanent trading and registration bans.

Single Market Boost, Free Capital Flow, Bank Integration

The ECB Governing Council published its response to the European Commission's public consultation on EU banking sector competitiveness. The response calls for the euro area to function more as a single jurisdiction with capital and liquidity moving freely within cross-border banking groups, and urges concrete steps towards a European Deposit Insurance Scheme. The ECB endorses December 2025 simplification proposals as integral to the response, and calls for banking rules to shift from directives to directly applicable regulations.

FCA Sets Out Vision for Open Finance to Empower Consumers and Businesses

The FCA has published its vision for open finance, outlining how consumers and businesses could securely share financial data with financial services providers to access mortgages, investments, savings and pensions. The FCA will prioritise helping SMEs improve access to credit and consumers manage mortgages, engaging with industry, consumer groups and regulators through its Smart Data Accelerator and PRISM Taskforce in 2026. The FCA will work with HM Treasury on a regulatory framework by end of 2027.

ESMA Releases AAR Reporting Templates and Instructions Under EMIR 3

ESMA published reporting templates and instructions for the Active Account Requirement under EMIR 3. The templates standardize how AAR-subject entities report required information to competent authorities across the EU. The first reporting submission is due 31 July 2026, covering the period from 25 June 2025 to 30 June 2026. Subsequent submissions will occur semi-annually on 31 January and 31 July each year, each covering a twelve-month reference period.

Chairman Logothetis Hosts Jersey City Forum for Small Business and Broker-Dealer Auditors May 13

The PCAOB announced details for its May 13, 2026 in-person and livestreamed forum in Jersey City, NJ, tailored for auditors of small businesses and broker-dealers. Chairman Logothetis will host the one-day event featuring staff presentations from the Office of Chief Auditor, Division of Registration and Inspections, and Division of Enforcement and Investigations, as well as presentations from SEC and FINRA staff. The forum will cover audit risks including revenue, cash flow projections, related party transactions, and exemption report reviews. Registration is required at no cost and CPE credits are available.

Scam Alert: Fraudulent Websites and Phishing Targeting Five Hong Kong Banks

The Hong Kong Monetary Authority (HKMA) issued a scam alert on 13 April 2026 warning the public about fraudulent websites, internet banking login screens, and phishing emails targeting five banks: The Bank of East Asia, Shanghai Commercial Bank, Chong Hing Bank, OCBC Bank (Hong Kong), and China Construction Bank (Asia). The HKMA clarified that legitimate banks do not send SMS or emails with embedded hyperlinks directing customers to banking sites, nor do they request sensitive information such as login passwords or one-time passwords via phone, email, or SMS.

Pandemic Period Wage and Income Expectations

Federal Reserve economists Corinne Salter and Daniel Villar published a research note examining consumers' wage and income growth expectations before, during, and after the Covid-19 pandemic period. The analysis utilizes two surveys to track whether consumers' expectations of future wage growth followed similar movements to actual inflation expectations and realized wage growth. The study finds that while price inflation, inflation expectations, and wage growth moved substantially during the pandemic period, consumers' expectations about their own future wage growth showed very little discernible movement, raising questions about how workers and consumers form income expectations.

Pueblo FCU Merger with Air Academy CU

NCUA has received and posted for public inspection the merger application for Pueblo Federal Credit Union seeking to merge with Air Academy Credit Union. The filing is listed on Regulations.gov under docket NCUA-2026-0860-0001. This represents a routine regulatory filing for credit union consolidation requiring NCUA review and approval.

Pueblo Government FCU Member Notice Supporting Merger

NCUA published Pueblo Government Federal Credit Union's member notice supporting a proposed merger with Sunflower FCU. The notice is filed under docket NCUA-2026-0860-0002. Members will vote on the merger proposal.

MetroWest Community Merging into St. Mary's Credit Union

NCUA received a merger application for MetroWest Community Credit Union to merge into St. Mary's Credit Union. The filing was submitted to NCUA for regulatory review and approval as required under federal credit union merger regulations. Details of the merger terms and conditions are contained in the full filing.

Illinois Valley Credit Union Merger Notice

NCUA posted a merger notice filed by Illinois Valley Credit Union on Regs.gov. The notice pertains to a proposed merger involving the credit union. This is a standard regulatory filing notification under NCUA's merger approval process.

Illinois Valley, Credit Union 1 Merger Peru IL

Illinois Valley, Credit Union 1 Merger Peru IL

Singapore Tightens S$NEER Policy Band Amid Oil Price Surge

The Monetary Authority of Singapore tightened its Singapore dollar nominal effective exchange rate (S$NEER) policy band appreciation rate in April 2026. This action responds to sharply elevated crude oil, natural gas, and fuel prices stemming from shipping constraints through the Strait of Hormuz since late February. The MAS projects Singapore's GDP growth will step down from 2025's above-trend pace, with core inflation expected to rise as higher energy costs pass through supply chains.

FINRA Proposes CTF Exemption from IPO Purchase Restriction Rules

FINRA proposed amendments to Rules 5130 and 5131 to exempt specified collective trust funds (CTFs) from IPO purchase and new issue allocation restrictions. The proposed exemption applies to CTFs with investments from 1,000 or more plan participants in employee retirement benefit plans, provided the fund was not formed for the specific purpose of permitting restricted persons to invest in new issues. Comments must be submitted within 21 days of Federal Register publication, and if approved, amendments could take effect by year-end.

Georgia SB 284 Expands Securities Commissioner Restitution Powers

Georgia Senate Bill 284, passed by the Georgia General Assembly and awaiting Governor Brian Kemp's signature, would expand the Georgia Securities Commissioner's enforcement powers under the Georgia Uniform Securities Act of 2008. The bill authorizes the Commissioner to order restitution directly through administrative proceedings, allowing investors to recover principal investment amounts and fees without requiring court action. Civil penalty caps remain unchanged at $50,000 per violation and $500,000 for multiple violations.

CIRO bulletin creates narrow legal path for Canadian prediction markets

The Canadian Investment Regulatory Organization (CIRO) published a bulletin on March 26, 2026, creating a potential legal pathway for trading in permitted binary event contracts (prediction markets). A joint statement from CIRO and the Canadian Securities Administrators (CSA) issued April 2, 2026, reminded industry participants of existing obligations under securities and derivatives laws. Prediction markets remain subject to overlapping federal Criminal Code gaming prohibitions and provincial gaming frameworks, with Ontario being the only province with a third-party gaming operator framework.

FBI IC3 Report: $20B Cybercrime Losses, $11.36B Crypto Scams

FBI IC3 Report: $20B Cybercrime Losses, $11.36B Crypto Scams

SGB 2019-20 Series-V Redemption Price April 15, 2026

The Reserve Bank of India has announced the redemption price for Sovereign Gold Bond (SGB) 2019-20 Series-V premature redemption due on April 15, 2026. The redemption price is set at ₹15,009 per unit based on the simple average of closing gold prices (999 purity) for the three business days of April 9, 10, and 13, 2026, as published by the India Bullion and Jewellers Association Ltd (IBJA). Premature redemption is permitted after the fifth year from the date of issue.

RBI Releases Financial Data for Non-Government Non-Financial Private Limited Companies 2024-25

The Reserve Bank of India released financial performance data for non-government non-financial (NGNF) private limited companies for 2024-25, covering 15,919 companies with total paid-up capital of ₹8,44,198 crore. Key findings include 11.4% growth in net sales, improved profit margins, and a decline in leverage ratios.

GoI Securities Auction: 6.36% GS 2031 and 6.90% GS 2065 for ₹32,000 Crore

RBI announced the auction of two Government of India dated securities totaling ₹32,000 crore on April 17, 2026. The securities include 6.36% GS 2031 (₹21,000 crore) and 6.90% GS 2065 (₹11,000 crore) with settlement on April 20, 2026. The auction will use the multiple price method with both competitive and non-competitive bidding through the RBI e-Kuber system.

RBI Imposes ₹7.5 Lakh Penalty on Himachal Pradesh State Co-operative Bank for KYC Violations

The Reserve Bank of India imposed a monetary penalty of ₹7,50,000 on The Himachal Pradesh State Co-operative Bank Ltd. for non-compliance with KYC directions. The penalty was imposed under Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949. The violation involved failure to conduct periodic review of risk categorisation of accounts at least once every six months.

State Government Securities Full Auction Results, April 13, 2026

RBI announced the results of the auction of State Government Securities held on April 13, 2026. The auction included securities from Bihar (SGS 2051), Chhattisgarh (SGS 2031 and SGS 2040), and Kerala (SGS 2033). This is a routine reporting of government debt auction outcomes with no new compliance obligations.

State Securities Auction, ₹12,700 Crore Accepted

The Reserve Bank of India (RBI) announced the results of a yield/price based auction of state government securities conducted on April 13, 2026. A total of ₹12,700 crore was accepted across five states: Bihar, Chhattisgarh, Kerala, Madhya Pradesh, and Uttar Pradesh. The auction covered multiple tenors ranging from 5 to 30 years, with cut-off yields between 7.37% and 7.92%.

RBI Launches OBICUS Round 73 Survey for Q4 2025-26

The Reserve Bank of India has launched the 73rd round of its Order Books, Inventories and Capacity Utilisation Survey (OBICUS) for the reference period January-March 2026 (Q4:2025-26). Selected manufacturing companies will be approached by the RBI, while other manufacturers may voluntarily participate by downloading the questionnaire from the RBI website. The survey collects data on new orders, backlog orders, pending orders, inventories (finished goods, work-in-progress, raw materials), production, and installed capacity.

RBI Money Market Operations, April 12, 2026

The Reserve Bank of India published money market operations data as of April 12, 2026. The press release contains statistical information on money market operations including amounts in ₹ crore and interest rates in percent.

Money Market Operations Data - April 11, 2026

The Reserve Bank of India published money market operations data for April 11, 2026, showing zero volume in operations. The data was released on April 13, 2026, and includes amounts in ₹ crore and applicable interest rates. This is a routine publication of monetary policy operational data.

Money Market Operations Data, April 10, 2026

The Reserve Bank of India published money market operations data as of April 10, 2026. The press release contains a PDF attachment with statistical tables showing amounts in ₹ crore and interest rates in percent for various money market instruments. No new policy actions, compliance requirements, or regulatory changes are announced in this data release.

Report on Banks' Dry Run Testing of Recovery Plans

The European Banking Authority published a Report analyzing how banks test their recovery plans through 'dry run' exercises. The analysis finds that most institutions recognize the value of dry runs and use lessons learned to improve arrangements, though approaches and maturity levels vary significantly. The Report is benchmarking in nature and not intended to provide prescriptive guidance.

ABA State Associations Endorse SCAM Act to Reduce Consumer Fraud Losses

ABA state associations have endorsed the SCAM Act, legislation designed to reduce consumer fraud losses. The trade association support comes as the bill moves through the legislative process. The article reports on this endorsement but does not create any compliance obligations.

OFAC Russia Oil Sanctions Exemption Expires April 11

The ABA Banking Journal reports that the OFAC general license exemption for Russia-related oil sanctions is set to expire on April 11. This exemption has allowed certain transactions involving Russian oil to continue under specific conditions. Financial institutions and energy sector participants should monitor OFAC guidance for any extensions or termination of this authorization.

ABA Urges NCUA to Pause Stablecoin Framework

The American Bankers Association (ABA) has submitted comments to the National Credit Union Administration (NCUA) urging the agency to pause its stablecoin framework development. ABA expressed concerns about the regulatory approach and requested additional time for industry input before moving forward with stablecoin-related rulemaking affecting credit unions. The trade group represents banks and is weighing in on how credit unions should be regulated regarding digital assets.

Existing Home Sales Down 3.6%, Affordability Cited

The American Bankers Association reported that existing home sales fell 3.6% in March compared to the prior month, reaching a seasonally adjusted annual rate of approximately 4 million units. Affordability constraints were cited as a key factor limiting buyer activity in the housing market.

FSB Chair Warns of Rising Financial Risks Stemming from Middle East Conflict

The FSB Chair Andrew Bailey sent a letter to G20 Finance Ministers and Central Bank Governors warning of increased financial stability risks from the ongoing Middle East conflict. The letter identifies three key vulnerability areas: government bond markets with high leverage risks, elevated global asset prices particularly in AI-linked sectors, and deteriorating private credit markets. The FSB calls for enhanced international cooperation and vigilance as financial conditions tighten.

London FXJSC Main Committee Meeting Minutes - November 2025

The Bank of England's Foreign Exchange Joint Standing Committee (FXJSC) published minutes from its November 27, 2025 meeting. The Committee discussed FX market developments following April 2025 volatility, reviewed BIS Triennial Survey preliminary results showing global FX turnover reached a record $9.6 trillion, examined FX options market growth (doubled since 2010), and received a GFXC update on T+1 securities settlement risks.

FXJSC Combined Operations and Legal Sub-Committee Meeting Minutes, 24th November 2025

The Bank of England published meeting minutes from the FXJSC Operations and Legal Sub-Committee meeting held on 24 November 2025. Key discussions included ISDA FX definition updates (go-live November 2027), Swift ISO 20022 migration completion in November 2025, CLS average volumes increasing to USD 8.5 trillion daily, and the use of AI in FX markets. The ISDA definition changes include digitised format updates, EMTA integration, and calendar adjustment events.

FSB Chair Warns G20 of Heightened Financial Stability Risks From Middle East Conflict

FSB Chair Andrew Bailey has warned G20 Finance Ministers and Central Bank Governors that the ongoing Middle East conflict is creating heightened uncertainty and volatility in global financial markets. The letter identifies three areas warranting heightened monitoring: sovereign bond markets, asset valuations, and private credit. The FSB indicates it will shortly publish a report examining vulnerabilities arising from private credit and is advancing analytical work on foreign exchange derivatives and other amplification channels.

Analysis of Millions of Homeowner Insurance Contracts Reveals Risk Sharing Patterns

NY Fed researchers published an analysis of millions of homeowner insurance contracts using ICE McDash data merged with CoreLogic property risk metrics. The study examines four patterns: coverage limits rarely binding, deductibles varying by risk, pricing reflecting risk but with limits, and loss distribution characteristics. The research finds median coverage equals 77 percent of home recovery value while losses in severe events average only 1.4 percent for the median policy.

FinCEN and Banking Regulators Propose BSA/AML Framework Overhaul

FinCEN issued a proposed rule on April 7, 2026 to fundamentally reform financial institutions' BSA/AML programs. The OCC, FDIC, and NCUA jointly issued a parallel proposed rule on April 10, 2026 to align their BSA/AML program requirements with FinCEN's framework. Comments on both proposed rules must be submitted by June 9, 2026.

FDIC Proposes GENIUS Act Framework for Payment Stablecoin Issuers

The FDIC announced a proposed rule implementing GENIUS Act requirements for FDIC-supervised permitted payment stablecoin issuers (PPSIs). The rule would establish prudential requirements including 1:1 reserve backing with eligible highly liquid assets, a $5 million minimum capital requirement during the first three years, a 12-month operational expense backstop, prohibitions on interest payments to stablecoin holders, and segregation requirements for custodians providing stablecoin safekeeping services. Comments on the proposed rule must be submitted by June 9.