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dismal-jellyfish

DTC & OPEN for Comment Alert! DTC seeking 'warning indicators'

DTC & OPEN for Comment Alert! DTC seeking 'warning indicators'

TLDRS: * DTC seeking 'warning indicators': "for example, the effectiveness and speed of DTC’s efforts to liquidate Collateral securities, and an impediment to the availability of DTC’s resources to repay any borrowings due to any Participant Default." * Hedging called out as a trigger to monitor

OPEN FOR COMMENT! ICE Clear Europe Limited’s Request to Withdraw from Registration as a Clearing Agency, it intends to terminate its credit default swap clearing business as of October 27, 2023.

OPEN FOR COMMENT! ICE Clear Europe Limited’s Request to Withdraw from Registration as a Clearing Agency, it intends to terminate its credit default swap clearing business as of October 27, 2023.

TLDRS: * ICE Clear Europe Limited’s Request to Withdraw from Registration as a Clearing Agency, it intends to terminate its credit default swap clearing business as of October 27, 2023 * ICE Clear Europe has the authority under ICE Clear Europe’s Rules to terminate and cash settle those contracts--will it

As of 8/31/23 total outstanding amount of all advances from the liquidity fairy under the Bank Term Funding Program was $121,234,139,000.

As of 8/31/23 total outstanding amount of all advances from the liquidity fairy under the Bank Term Funding Program was $121,234,139,000.

TLDRS: * As of 8/31/23 total outstanding amount of all advances from the liquidity fairy under the Bank Term Funding Program was $121,234,139,000. The total value of the collateral pledged (at PAR!!) to secure outstanding advances was $145B. $2,173,066,000 in interest to survive

Virtu in trouble

SEC alleges Virtu Financial Inc. "Failed to Adequately Establish, Maintain, and Enforce Reasonably Designed Information Barriers to Prevent Proprietary Traders from Misusing Nonpublic Customer Post-Trade Information"

TLDRS: * This matter relates to false and misleading statements by Defendant VFI and its subsidiary VAL, an SEC registered broker-dealer that processes approximately 25% of market orders placed by retail investors in the U.S., and VAL’s associated failure to establish, maintain, and enforce policies and procedures reasonably designed

26 banking trade associations send letter AGAINST the SEC's proposed Custody Rule: "The segregation of client assets requirement would effectively prohibit prime brokers from providing margin financing by rehypothecating client assets"

26 banking trade associations send letter AGAINST the SEC's proposed Custody Rule: "The segregation of client assets requirement would effectively prohibit prime brokers from providing margin financing by rehypothecating client assets"

TLDRS: * 26 banking trade associations send letter AGAINST the SEC's proposed Custody Rule: "The segregation of client assets requirement would effectively prohibit prime brokers from providing margin financing by rehypothecating client assets" * "Requiring qualified custodians to hold client cash in segregated, off-balance sheet accounts would

Banking Trade Associations are BIG mad at proposal by U.S. banking regulators to require lenders to hold more capital on their balance sheets, send letter calling on banking agencies to Re-Propose Basel Rule.

Banking Trade Associations are BIG mad at proposal by U.S. banking regulators to require lenders to hold more capital on their balance sheets, send letter calling on banking agencies to Re-Propose Basel Rule.

TLDRS: * Banking Trade Associations BIG mad at proposal by U.S. banking regulators to require lenders to hold more capital on their balance sheets, call on banking agencies to Re-Propose Basel Rule. * New proposed 944 page rule "that would substantially revise the capital requirements applicable to large banking organizations

FINRA 'discipline' Alert! Citigroup incorrectly stated that it was acting as an agent (a middleman facilitating the trade between two parties) when it was actually trading as a principal (trading for its own account) on 37,000 transactions.

FINRA 'discipline' Alert! Citigroup incorrectly stated that it was acting as an agent (a middleman facilitating the trade between two parties) when it was actually trading as a principal (trading for its own account) on 37,000 transactions.

TLDRS: * From October 2016-July 2020, Citigroup incorrectly stated that it was acting as an agent (a middleman facilitating the trade between two parties) when it was actually trading as a principal (trading out of its own account). * Citigroup incorrectly reported its role in 37,000 trades. * If these inaccuracies relate