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Commissioner Hester M. Peirce: 'A smaller budget might assist the The Public Company Accounting Oversight Board (PCAOB) in being more selective, hewing more closely to its narrow mandate, and better stewarding its resources.'

Source: https://www.sec.gov/news/statement/peirce-pcaob-budget-20221223 The Public Company Accounting Oversight Board (“PCAOB”) is requesting $349.5 million for its 2023 budget and a $329.4 million accounting support fee to fund it.[1] Sarbanes-Oxley gave the Securities and Exchange Commission (“SEC”) responsibility for approving the PCAOB’s

SEC Alert! Securities and Exchange Commission today announced that General Counsel Dan Berkovitz will depart the agency, effective Jan. 31, 2023.

Source: https://www.sec.gov/news/press-release/2022-235 The Securities and Exchange Commission today announced that General Counsel Dan Berkovitz will depart the agency, effective Jan. 31, 2023. Megan Barbero, currently SEC Principal Deputy General Counsel, will be appointed General Counsel, effective upon Mr. Berkovitz’s departure. "I am

Federal Reserve Alert! The final 2022 quarterly Senior Credit Officer Opinion Survey on Dealer Financing Terms (SCOOS) released today.

Source: https://www.federalreserve.gov/data/scoos/files/scoos_202212.pdf The Senior Credit Officer Opinion Survey on Dealer Financing Terms (SCOOS) is a quarterly survey providing information about the availability and terms of credit in securities financing and over-the counter (OTC) derivatives markets. The SCOOS is modeled after the

SEC Alert! SEC Charges Caroline Ellison and Gary Wang with Defrauding Investors in Crypto Asset Trading Platform FTX

Source: https://www.sec.gov/news/press-release/2022-234 The Securities and Exchange Commission today charged Caroline Ellison, the former CEO of Alameda Research, and Zixiao (Gary) Wang, the former Chief Technology Officer of FTX Trading Ltd. (FTX), for their roles in a multiyear scheme to defraud equity investors in FTX,

FTX ALERT! Caroline Elisson's guilty plea is REDACTED in the section about securities fraud.

FICC - MBS Alert! Capped Contingency Liquidity Facility (“CCLF®”) Reset Reminder and Adjustable Percentage Update FICC will change the adjustable percentage from 80% to 90% for purposes of calculating the Defined Capped Liquidity Amount

Source: https://www.dtcc.com/-/media/Files/pdf/2022/12/21/MBS1171-22.pdf What is the Capped Contingency Liquidity Facility (“CCLF®”)? On April 25, 2017, the Commission approved FICC’s adoption of the Clearing Agency Liquidity Risk Management Framework (‘‘Framework’’), which broadly describes FICC’s liquidity risk management strategy

NSCC/FICC/DTC Alert! Order Granting Proposed Rule Changes to Amend Liquidity Risk Management Framework to Include a New Section Describing the Process by Which FICC Would Designate Uncommitted Resources as Qualifying Liquid Resources & Make Other Changes

Source: https://www.sec.gov/rules/sro/dtc/2022/34-96555.pdf On October 20, 2022, The Depository Trust Company (“DTC”), Fixed Income Clearing Corporation (“FICC”), and National Securities Clearing Corporation (“NSCC”) (each a “Clearing Agency,” and collectively, the “Clearing Agencies”), filed with the Securities and Exchange Commission (“Commission”) proposed rule