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dismal-jellyfish

Fed supervisors summarize assessments of large financial institutions using LFI rating system--in 2023, only 1/3 of large financial institutions had satisfactory ratings.

Fed supervisors summarize assessments of large financial institutions using LFI rating system--in 2023, only 1/3 of large financial institutions had satisfactory ratings.

The Federal Reserve Board publishes its semiannual Supervision and Regulation Report to inform the public of current banking conditions as well as provide transparency about its supervisory and regulatory policies and actions. This report focuses on developments in three areas: 1. Banking System Conditions provides an overview of the financial

From at least February 2017 through the present, Merrill Lynch failed to establish and maintain a supervisory system designed to achieve compliance with its best execution obligations for certain retail equities orders.

From at least February 2017 through the present, Merrill Lynch failed to establish and maintain a supervisory system designed to achieve compliance with its best execution obligations for certain retail equities orders.

Overview: "From at least February 2017 through the present, Merrill failed to establish and maintain a supervisory system, including written supervisory procedures, reasonably designed to achieve compliance with its best execution obligations for certain retail equities orders" FACTS AND VIOLATIVE CONDUCT: * Merrill failed to reasonably supervise the execution timeliness of

Comment Template for new FINRA Rule 6500 Series (Securities Lending and Transparency Engine (SLATE))

Comment Template for new FINRA Rule 6500 Series (Securities Lending and Transparency Engine (SLATE)) to require reporting of securities loans and provide for the public dissemination of loan information. Comments Due by 5/28/24.

Before going any further, have you checked out kibblepigeon's post? 💡REGULATORY KILL SHOT 🎯 Rule proposal: SR-OCC-2024-001 has been shut down by the SEC & we're close to getting it kicked out. Time to drive home this win. Find PART TWO here 🎯 ⏰ ⏳ DEADLINE: Friday 17th May 2024 Back to this rule at

FINRA proposes reporting of securities loans and provide for the public dissemination of loan information.

FINRA is proposing to adopt the new FINRA Rule 6500 Series (Securities Lending and Transparency Engine (SLATE)) to require reporting of securities loans and provide for the public dissemination of loan information.

Background: "In its Adopting Release, the Commission stated that SEA Rule 10c-1a would increase transparency in the securities lending market, resulting in a reduction of the information disadvantage faced by end borrowers and beneficial owners, improved price discovery, increased competition among providers of securities lending analytics services, reduced costs associated

Source: https://www.cftc.gov/PressRoom/PressReleases/8900-24

CFTC CANCELS 4/29/24 OPEN meeting that was set to consider Capital and Financial Reporting Requirements for Swap Dealers and Major Swap Participants & Amendments to the Large Trader Reporting Rules--taken up via seriatim instead.

What does seriatim mean? "Through the seriatim process, the Commission considers and votes by written procedure pursuant to which the recommendations are considered separately by each Commissioner in turn (i.e., in seriatim). Each participating Commissioner will report her or his vote on the recommendation to the Secretary of the

Bank Fail Friday!

Bank Fail Friday! Fulton Bank, N.A. of Lancaster, Pennsylvania Assumes Substantially All Deposits of Republic First Bank, Philadelphia.

Source: https://www.fdic.gov/news/press-releases/fulton-bank-na-lancaster-pennsylvania-assumes-substantially-all-deposits Philadelphia-based Republic First Bank (doing business as Republic Bank) was closed today by the Pennsylvania Department of Banking and Securities, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect depositors, the FDIC entered into an agreement with Fulton Bank,

On April 30, 2024 DTC will implement changes to modify collateral value for certain securities.

On April 30, 2024, as part of the annual renewal of the line-of-credit facility, DTC will implement changes to modify collateral value for certain securities, which may affect the value of positions applied to the Collateral Monitor.

* Collateral valuation for corporate notes or bonds rated B1 to B3, will be updated to use a haircut value of 70%, up from 50%. * No collateral value will be given for any ETF or other investment vehicle that includes Bitcoin or any other cryptocurrency as an underlying investment, hence will