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Swiss Parliament Rejects $129.82 Billion Aid For Credit Suisse-UBS Merger. While the upper house had approved the government's contribution to the rescue package, parliament's lower, and larger chamber, pushed back again on Wednesday.

Source: https://www.ndtv.com/world-news/swiss-parliament-rejects-129-82-billion-aid-for-credit-suisse-ubs-merger-3943095 Switzerland's parliament rejected on Wednesday the government's 109 billion Swiss francs ($120.82 billion) aid for Credit Suisse's merger with UBS, leaving the fallen bank's hastily arranged rescue without a largely symbolic parliamentary blessing. While

SEC Alert! Notice of semiannual regulatory agenda: an opportunity to COMMENT on the Regulatory Flexibility Agenda for Spring 2023 on the priorities of the Chair of the U.S. Securities and Exchange Commission.

Source: https://www.sec.gov/rules/other/2023/33-11178.pdf About the Unified Agenda: The Regulatory Flexibility Act (5 U.S.C. 601 et seq.) requires that agencies publish semiannual regulatory flexibility agendas in the Federal Register identifying those rules that may have a significant economic impact on a substantial

The power of DRS and "Idiosyncratic Factors" increases the pain for short sellers and settlement fails in corporate securities. As a fraction of trading volume, fails that involve primary dealers reached an all-time high in the week of March 23, 2022

Good morning, I saw sdfprwggv's post this morning: DRS increases the pain for short sellers: The number of GameStop directly registered shares increases the minimum floor for the borrow rate. Source borrow fee: https://chartexchange.com/symbol/nyse-gme/borrow-fee/ DRS Numbers from Gamestop quarter fillings. This reminded me

Federal Reserve Alert! "In the interest of further strengthening transparency and accountability, the 12 Reserve Banks have agreed to adopt a common policy for public requests for information and expect to implement this policy by the end of this year."

Source: https://www.newyorkfed.org/newsevents/statements/2023/0324-2023 * The Federal Reserve Banks are committed to transparency and accountability and each Reserve Bank has existing procedures for providing information to the public. * In the interest of further strengthening transparency and accountability, the 12 Reserve Banks have agreed to adopt a

NSCC, FICC, DTC Alert! Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Update the Clearing Agency Securities Valuation Framework. Entire Exhibit is [REDACTED]

Sources: SR-NSCC-2023-00334-97280 Apr. 11, 2023 Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Update the Clearing Agency Securities Valuation Framework Comments due: 21 days after publication in the Federal Register Additional Materials: Exhibit 5 SR-FICC-2023-00434-97283 Apr. 11, 2023 Notice of Filing and Immediate Effectiveness of a

Remarks of James Martin, Acting Director of the Office of Financial Research (shares the OPPOSITE sentiment of Hester M. Peirce's "Regulators must constrain their appetite for data.")

stating: "Both financial regulators and market participants need access to high-quality financial data." Remarks of James Martin, Acting Director of the Office of Financial Research, at the RegTech 2023 Data Summit Source: https://www.financialresearch.gov/public-appearances/2023/04/11/remarks-of-james-martin-at-regtech-summit/ Highlights: "If I were asked to

Whistleblower Alert! The Claims Review Staff (“CRS”) issued a Preliminary Determination recommending (“Claimant 1”) receive a whistleblower award of about $1 million.

Claimant 1’s tip was the initial source of the underlying investigation and caused the opening of the investigation. Source: https://www.sec.gov/rules/other/2023/34-97285.pdf Background: * (“Firm”), a registered broker-dealer * Claimant 2 was not aware that he/she could submit an award claim based on Commission