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OPEN FOR COMMENT: For the first time, the FSOC is proposing to issue a framework broadly explaining how it identifies, evaluates, and responds to potential risks to U.S. financial stability, whether they come from activities individual firms, or otherwise

Source: https://home.treasury.gov/news/press-releases/jy1432 The Financial Stability Oversight Council (Council) today voted unanimously to issue for public comment a proposed analytic framework for financial stability risks. ย This new framework is intended to provide greater transparency to the public about how the Council identifies, assesses, and addresses
dismal-jellyfish ๐Ÿงฑ Market Reform

Gary Gensler: "We must build upon the work of the Hedge Fund Working Group. That means looking at large, interconnected, highly-levered hedge funds, associated repo markets for financing, the prevalence of low to 0 haircuts in such funding..."

Gary Gensler: "We must build upon the work of the Hedge Fund Working Group. That means looking at large, interconnected, highly-levered hedge funds, associated repo markets for financing, the prevalence of low to 0 haircuts in such funding, & the extension of leverage from banks & prime brokers."
dismal-jellyfish ๐Ÿงฑ Market Reform

FICC Alert! FICC approves rule change to Revise the Description of the Stressed Period Used to Calculate the Value-at-Risk Charge.

FICC represents that, in order to mitigate the increased risk exposures, FICC has to quickly and timely respond to rapidly changing market conditions. SR-FICC-2023-003 34-97342 Order Granting Proposed Rule Change to Revise the Description of the Stressed Period Used to Calculate the Value-at-Risk Charge and Make Other Changes Source: https:
dismal-jellyfish ๐Ÿงฑ Market Reform

SEC Alert! Special filing with Federal Register: SEC submits notice for the 18th CLOSED door meeting this year via the Sunshine Act for 2:00 p.m. on Thursday, April 27, 2023.

source: https://public-inspection.federalregister.gov/2023-08706.pdf CLOSED door meetings 2023: Meeting NumberDate184/27174/20164/13154/6143/30133/23123/16113/9103/292/2382/1672/962/251/2641/1931/1221/911/5 Seems to be a weekly occurrence every week since the year began. What has them so occupied? The Federal
dismal-jellyfish ๐Ÿงฑ Market Reform

Federal Reserve Alert! Sunshine Meeting Notice for a CLOSED meeting under Expedited Procedures of the Board of Governors of the Federal Reserve System at 11:30 a.m. on April 24, 2023.

Matter(s) considered: Review and determination of the advance and discount rates to be charged by the Fed. Source: https://www.federalreserve.gov/aboutthefed/boardmeetings/20230424closed.htm Summary: A closed meeting of the Board of Governors of the Federal Reserve System will be held under expedited procedures at 11:30
dismal-jellyfish ๐Ÿงฑ Market Reform