Dismal's Smacks

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dismal-jellyfish

FTD Alert! FOMC's decision to raise Fed Funds Rate by 25 basis points will not result in a change in TMPG Fail Charge. Settlement Obligation fails (FTDs in Treasury & Government bonds) will continue to be charged at the TMPG fail charge floor rate.

https://www.dtcc.com/-/media/Files/pdf/2023/5/3/GOV1469-23.pdf https://www.dtcc.com/-/media/Files/pdf/2023/5/3/MBS1218-23.pdf https://twitter.com/susannetrimbath/status/1521955876386394113 Dr. T dropping knowledge. They charge 3% MINUS fed funds target rate (minimum 1%) Treasury Market Practices Group

FTD Alert! Today’s FOMC decision to raise Fed Funds Rate by 25 basis points will not result in a change in TMPG Fail Charge. Settlement Obligation fails (FTDs in Treasury & Government bonds) will continue to be charged at the TMPG fail charge floor rate.

https://www.dtcc.com/-/media/Files/pdf/2023/5/3/GOV1469-23.pdf https://www.dtcc.com/-/media/Files/pdf/2023/5/3/MBS1218-23.pdf https://twitter.com/susannetrimbath/status/1521955876386394113 Dr. T dropping knowledge. They charge 3% MINUS fed funds target rate (minimum 1%) Treasury Market Practices Group

Federal Reserve Alert! Yesterday and today CLOSED meetings of the Board of Governors of the Federal Reserve System were held under expedited procedures as it was determined that the public interest did not require opening the meeting.

Matter Considered: Discussion of Monetary Policy Issues. Source: https://www.federalreserve.gov/aboutthefed/boardmeetings/20230502closed.htm On Tuesday, May 2, 2023 at 10:00 a.m. and continued on Wednesday, May 3, 2023 at 9:00 a.m., a meeting of the Board of Governors of the Federal Reserve System

Gensler: "Under the final rule, these new, more-timely reports—within 72 hours from large hedge fund advisers & quarterly from private equity fund advisers—will inform financial regulators on certain events that may indicate significant stress.."

"Under the final rule, these new, more-timely reports—within 72 hours from large hedge fund advisers & quarterly from private equity fund advisers—will inform financial regulators on certain events that may indicate significant stress or otherwise signal for systemic risk & investor harm." https://www.sec.gov/

Proposed Amendments to Form PF: "The amendments will require large hedge fund advisers and all private equity fund advisers to file current reports upon the occurrence of certain reporting events that could indicate significant stress"

Source: https://www.sec.gov/files/ia-6297-fact-sheet.pdf * Final Rule Press Release: https://www.sec.gov/news/press-release/2023-86 The Securities and Exchange Commission today adopted amendments to Form PF, the confidential reporting form for certain SEC-registered investment advisers to private funds. The amendments are designed to enhance the ability

Commissioner Hester M. Peirce on Amendments to Form PF: "The additional information may tempt regulators to intervene in markets in ways that would undermine long-term market resilience and exceed jurisdictional bounds."

"Accordingly, I cannot support the rule." https://www.sec.gov/news/statement/peirce-statement-form-pf-050323 Thank you, Chair Gensler. This expansion of Form PF data collection is the latest reflection of the Commission’s unquestioning faith in the Benevolent Power of More, a faith that I do not share. We

Commissioner Hester M. Peirce on proposed share repurchase disclosure modernization: "Despite this commendable and much needed change, I cannot support a rule that mandates immaterial disclosures without sensible exemptions. Accordingly, I dissent."

https://www.sec.gov/news/statement/peirce-statement-share-repurchase-disclosure-modernization-050323 While you are here, can you guess what Hester Peirce is ALSO against????? She CANNOT support requiring large hedge fund advisers to file a current report as soon as practicable, but no later than 72 hours from the occurrence of one or more