The US Federal Reserve and the Federal Deposit Insurance Corporation (FDIC) have published additional guidance to firms with less than $100bn in non-bank assets relating to their resolution plans, describing how they could be rapidly resolved under the US bankruptcy code in the event of distress.

US Federal Reserve vice-chairman Stanley Fischer has confirmed that US regulators are preparing to issue proposals requiring large US banks to issue bail-inable long-term debt. Speaking in Stockholm on August 11, Mr Fischer said that work on resolution mechanisms set out in the 2010 Dodd-Frank Act is less advanced than the work on capital and liquidity ratios, but that it still holds the promise of making it possible to resolve troubled banks without taxpayer bailouts.

After months of public silence on banks' resolution plans, known as 'living wills', US banking regulators said last month that the resolution plans of the 11 largest banks remain inadequate, issuing individual assessments of shortcomings that must be addressed.

Mark Carney is determined to solve the problem of banks deemed too big to fail. “This is the year to complete that job,” he says.

On June 12 the US Federal Reserve proposed amendments to its annual Comprehensive Capital Analysis and Review. 

The House of Representatives passed legislation on June 24 reauthorising the US Commodity Futures Trading Commission, but with obligations for an onerous cost-benefit analysis.

A June 16 senate hearing examining conflicts of interest has questioned the fairness of incentives and fees favouring high-speed traders

The US Securities and Exchange Commission announced that it has ordered the development of a pilot programme that will increase minimum trading increments

Chair of the US Securities and Exchange Commission (SEC) Mary Jo White has publicly called for the creation of a new Market Structure Advisory Committee