Week in Review

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SCOTUS hears oral argument in recess appointment case, White House announces nominees for the Fed, and more…

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  • The U.S. Supreme Court (SCOTUS) heard oral arguments in the recess appointment power case, National Labor Review Board v. Noel Canning.
  • President Barack Obama told state governors that he plans to use executive authority and regulations to advance his agenda.
  • Federal financial regulators agreed to ease Volcker rule restrictions on CDOs for small banks.
  • The U.S. Senate Committee on Banking, Housing, and Urban Affairs discussed concerns over Wall Street banks’ ownership of physical commodities.
  • Paul Volcker, former Chair of the Fed, called for tighter oversight of the municipal bond market.
  • The Fed sought external input on how to regulate banks in commodity markets before upcoming hearing.
  • British officials asked the European Union (EU) not to move forward with legislation regulating shale gas exploitation.