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FINRA proposes reporting of securities loans and provide for the public dissemination of loan information.

FINRA is proposing to adopt the new FINRA Rule 6500 Series (Securities Lending and Transparency Engine (SLATE)) to require reporting of securities loans and provide for the public dissemination of loan information.

Background: "In its Adopting Release, the Commission stated that SEA Rule 10c-1a would increase transparency in the securities lending market, resulting in a reduction of the information disadvantage faced by end borrowers and beneficial owners, improved price discovery, increased competition among providers of securities lending analytics services, reduced costs

Source: https://www.cftc.gov/PressRoom/PressReleases/8900-24

CFTC CANCELS 4/29/24 OPEN meeting that was set to consider Capital and Financial Reporting Requirements for Swap Dealers and Major Swap Participants & Amendments to the Large Trader Reporting Rules--taken up via seriatim instead.

What does seriatim mean? "Through the seriatim process, the Commission considers and votes by written procedure pursuant to which the recommendations are considered separately by each Commissioner in turn (i.e., in seriatim). Each participating Commissioner will report her or his vote on the recommendation to the Secretary of

Bank Fail Friday!

Bank Fail Friday! Fulton Bank, N.A. of Lancaster, Pennsylvania Assumes Substantially All Deposits of Republic First Bank, Philadelphia.

Source: https://www.fdic.gov/news/press-releases/fulton-bank-na-lancaster-pennsylvania-assumes-substantially-all-deposits Philadelphia-based Republic First Bank (doing business as Republic Bank) was closed today by the Pennsylvania Department of Banking and Securities, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect depositors, the FDIC entered into an agreement with Fulton Bank,

On April 30, 2024 DTC will implement changes to modify collateral value for certain securities.

On April 30, 2024, as part of the annual renewal of the line-of-credit facility, DTC will implement changes to modify collateral value for certain securities, which may affect the value of positions applied to the Collateral Monitor.

* Collateral valuation for corporate notes or bonds rated B1 to B3, will be updated to use a haircut value of 70%, up from 50%. * No collateral value will be given for any ETF or other investment vehicle that includes Bitcoin or any other cryptocurrency as an underlying investment, hence will

Financial Stability Report: Leverage at hedge funds reached its highest level since data became available.

Financial Stability Report: Leverage at hedge funds reached its highest level since data became available.

The Financial Stability Report summarizes the Federal Reserve Board's framework for assessing the resilience of the U.S. financial system and presenting the Board's current assessment. By publishing this report, the Board intends to promote public understanding and increase transparency and accountability for the Federal Reserve’

Federal Reserve Board issues enforcement action against JPMorgan Chase & Co. and fines the firm approximately $98.2 million for an inadequate program to monitor firm and client trading activities for market misconduct.

Federal Reserve Board issues enforcement action against JPMorgan Chase & Co. and fines the firm approximately $98.2 million for an inadequate program to monitor firm and client trading activities for market misconduct.

The Federal Reserve Board on Thursday issued an enforcement action against JPMorgan Chase & Co. and fined the firm approximately $98.2 million for an inadequate program to monitor firm and client trading activities for market misconduct. The Board's action requires JPMorgan Chase to review and take corrective

NAPFM, MFA, and AIMA challenging the SEC’s Securities Lending and Short Position Reporting Rules

Industry is 'big mad': NAPFM, MFA, and AIMA file brief challenging the SEC’s Securities Lending and Short Position Reporting Rules and request that both rules be vacated.

Wut Mean?: The National Association of Private Fund Managers (NAPFM), Managed Fund Association (MFA), and Alternative Investment Management Association (AIMA) have challenged two rules recently adopted by the Securities and Exchange Commission (SEC) that require reporting and public disclosure of securities lending and short selling activity in an opening brief