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dismal-jellyfish

dismal-jellyfish

Federal Reserve Alert! Today, a CLOSED meeting of the Board of Governors was held under expedited procedures as it was determined that the public interest did not require opening the meeting.

Federal Reserve Alert! Today, a CLOSED meeting of the Board of Governors was held under expedited procedures as it was determined that the public interest did not require opening the meeting.

https://www.federalreserve.gov/aboutthefed/boardmeetings/20230712closed.htm Interesting they are talking Financial Markets, Institutions, and Infrastructure behind CLOSED doors when the SEC has THIS going on tomorrow now in their CLOSED door Sunshine meeting: https://public-inspection.federalregister.gov/2023-14986.pdf 'Consideration of amici participation' added to the
dismal-jellyfish ๐Ÿ“ˆ Macroeconomics

Inflation Alert! Despite a 3.0% increase in the overall index, excluding food and energy, inflation remains persistent as it rose by 4.8% over the past 12 months. While Corporate Media celebrates the headline, inflation is still growing.

Source: https://www.bls.gov/news.release/cpi.nr0.htm All items less food and energy: * Inflation and Housing: * The overall index for items excluding food and energy increased by 0.2% in June. * The cost of housing, represented by the shelter index, rose by 0.4% in June. * Rent
dismal-jellyfish ๐Ÿ“ˆ Macroeconomics

Commodity Futures Trading Commission (CFTC) Alert! CFTC approves FINAL rule on Governance Requirements for Derivatives Clearing Organizations. Derivatives clearing organizations need all these in changed in place by 1. July 12, 2024.

Source: https://public-inspection.federalregister.gov/2023-14361.pdf Highlights: 1. Derivatives clearing organizations (DCO)s will now have to set up and consult with one or more risk management committees (RMCs). These committees will be made up of clearing members and their customers. The idea is to involve these groups in
dismal-jellyfish ๐Ÿงฑ Market Reform

Inflation Alert! The Reserve Bank of New Zealand's Monetary Policy Review July: The Official Cash Rate (OCR) held at 5.5%. Employment above sustainable level, Consumer spending slows.

https://www.rbnz.govt.nz/hub/news/2023/07/official-cash-rate-remains-on-hold Highlights: * The RBNZ has decided to keep the Official Cash Rate (OCR) at 5.50%. Remember, this is the rate of interest which the RBNZ charges on overnight loans to commercial banks. * The RBNZ expects the OCR to remain at
dismal-jellyfish ๐Ÿ“ˆ Macroeconomics

FINRA 'Discipline' Alert! Between December 2018 and April 2021, RBC filed short interest reports that overpriced the number of shares associated with 3,513 short interest positions by approximately 697 million shares.

Penalty? Without admitting or denying anything, a censure and $250,000 fine. https://www.finra.org/sites/default/files/fda_documents/2021071191801%20RBC%20Capital%20Markets%2C%20LLC%20CRD%2031194%20AWC%20vr.pdf Good Tuesday evening Superstonk, neighborhood jellyfish back with you on some 'discipline' JUST handed down TODAY
dismal-jellyfish ๐Ÿ“š Due Diligence

Is ICE Clear Europe preparing for DRS and MOASS!?? Proposed rule (OPEN for comment!) "to address the treatment of certain losses that do not result from Clearing Member default, including certain investment losses & custodial losses."

https://public-inspection.federalregister.gov/2023-14814.pdf https://public-inspection.federalregister.gov/2023-14814.pdf Wut mean? The rule change is about how certain non-default losses, such as investment losses and custodial losses, are treated. ICE Clear Europe first proposed this rule change on April 21, 2023, and then made amendments to it
dismal-jellyfish ๐Ÿ—ฃ Discussion / Question