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FICC Alert! FICC APPROVES changes to the calculation the Value-at-Risk Charge (VaR). The VaR is the most important calculation, apparently, in determining the clearing fund deposit requirement.

This is the reason why the buy button was hidden in January and early February 2021. Source: https://public-inspection.federalregister.gov/2023-08827.pdf SR-FICC-2023-003 34-97342 BACKGROUND AND DESCRIPTION OF THE APPROVED RULE CHANGE: * The Commission finds that the change to the description of the stressed period should help FICC to
dismal-jellyfish ๐Ÿงฑ Market Reform

Controller of the Currency, NCUA, FDIC, and Federal Reserve Alert! The agencies are issuing a revised interagency policy statement on allowances for credit losses (ACLs) (revised statement).

Office of the Comptroller of the Currency, Federal Reserve, Federal Deposit Insurance Corporation, National Credit Union Association source: https://public-inspection.federalregister.gov/2023-08876.pdf Highlights: * The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the National
dismal-jellyfish ๐Ÿงฑ Market Reform

CFTC Commissioner Christy Goldsmith Romero: "The use of digital assets for illicit finance poses national security and other risks."

"The crypto markets are used to facilitate illicit financing of drugs, human trafficking, ransomware, terrorism, and malicious state sponsored activity" Illicit Finance and Other Key Risks of Digital Assets: Keynote at City Week 2023 CFTC Commissioner Christy Goldsmith Romero in London https://www.cftc.gov/PressRoom/SpeechesTestimony/oparomero8
dismal-jellyfish ๐Ÿ“ฐ News

M2 money supply is shrinking! Today's update shows the biggest drop ever on record in growth rate for M2--a negative growth rate of 4.05% versus a year ago. M2 has now contracted on an annual basis for four straight months.

December was M2โ€™s first year-over-year contraction ever. https://fred.stlouisfed.org/series/M2SL https://fred.stlouisfed.org/series/M2SL https://www.federalreserve.gov/releases/h6/current/default.htm TLDRS: Today's update shows the biggest drop ever on record in growth rate for M2--a negative growth rate of
dismal-jellyfish ๐Ÿ“ˆ Macroeconomics