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dismal-jellyfish

SEC Alert! Gary Gensler: 'Of the nearly 10,000 tokens in the crypto market, I believe the vast majority are securities...

SEC Alert! Gary Gensler: 'Of the nearly 10,000 tokens in the crypto market, I believe the vast majority are securities. Given that most crypto tokens are securities, it follows that many crypto intermediaries are transacting in securities and have to register with the SEC in some capacity'

With Credit Suisse possibly on the brink, the Office of Financial Research from this week: When choosing counterparties, banks tend to pick riskier ones and do not hedge such exposures.

These exposures are correlated with systemic risk measures despite greater regulatory oversight after the crisis. Source: https://www.financialresearch.gov/working-papers/files/OFRwp-22-06_counterparty-choice-bank-interconnectedness-and-bank-risk-taking.pdf Abstract We investigate whether banks’ counterparty choices in OTC derivative markets contribute to network fragility. We use novel confidential regulatory data and show that banks

Inflation Alert! According to the Bureau of Economic Analysis “Core PCE” (the metric the Fed uses for its monetary policy) rose .6% in August. What mean? Inflation is not slowing down and is back on the upswing.

Source Good evening and happy Friday r/Superstonk! As the title states, the Bureau of Economic Analysis reported today 'core PCE' (the metric the Fed uses for its monetary policy decisions) continues to rise (.6%) after a 'transitory' July when inflation 'was being tamed'

Federal Reserve and Government in the Sunshine Meeting Notice Alert! Advanced Notice of a Meeting under Expedited Procedures for a Closed Board Meeting on October 3, 2022

Source: https://www.federalreserve.gov/aboutthefed/boardmeetings/20221003closed.htm Reddit Post

Federal Reserve Alert! Guidance on Resolution forthcoming. Resolution plans, required by the Dodd-Frank Act and commonly known as "living wills"

Federal Reserve Alert! Guidance on Resolution forthcoming. Resolution plans, required by the Dodd-Frank Act and commonly known as "living wills," describe a financial company's strategy for rapid and orderly resolution under bankruptcy in the event of financial distress or failure. Source: https://www.federalreserve.gov/newsevents/

RRP Alert! RRP go more brrr? AgriBank FCB has been added to the list of reverse repo counterparties, effective September 30.

SEC Alert! SEC Charges Audit Firm RSM and Three Senior-Level Employees with Failure to Properly Conduct Client Audits.

Source: https://www.sec.gov/news/press-release/2022-180 The Securities and Exchange Commission today charged audit firm RSM US LLP and three senior-level employees with improper professional conduct for failing to properly audit Revolution Lighting Technologies Inc.’s (“Revolution”) financial statements over a four-year period when Revolution was violating accounting