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SEC Commissioner Gary Gensler

Gary Gensler: "Three years ago this week, ... the GameStop events unfolded." "part of this event related to market plumbing." "Many everyday investors lost access to the market at a critical time."

โ€œTime is Money. Time is Riskโ€ Prepared Remarks before the European Commission Source: https://www.sec.gov/news/speech/gensler-speech-prepared-remarks-european-commission-012524 Highlights: * "Three years ago this week, ... the GameStop events unfolded" * "part of this event related to market plumbing." * "Rapidly changing prices led a number of
dismal-jellyfish ๐Ÿ“ฐ News
BTFP will cease making new loans as scheduled on March 11

It's official: Federal Reserve Board announces the Bank Term Funding Program (BTFP) will cease making new loans as scheduled on March 11. The program is confirmed to expire but usage continues to rapidly pick up speed!

Source: https://www.federalreserve.gov/newsevents/pressreleases/monetary20240124a.htm Today, the Fed announced that the Bank Term Funding Program (BTFP) will cease making new loans as scheduled on March 11 and that the program will continue to make loans until that time and is available as an additional source of
dismal-jellyfish ๐Ÿ“ฐ News
Options Clearing Corporation's new idiosyncratic margin rule set to be published in the Federal Register 1/25/24.

In what appears to be a change to prevent what caused the 'sneeze' from happening again, Options Clearing Corporation's idiosyncratic threshold rule set to be published in the Federal Register 1/25/24. Comments due by February 15th.

This is a follow-up to this post from over the weekend. Once again, I understand options are a divisive topic amongst r/Superstonk but this is not a post to advocate using them either wayโ€“as always if you do not know what you are doing with options it is
dismal-jellyfish ๐Ÿงฑ Market Reform
Options Clearing Corporation is looking to adjust parameters for calculating margin requirements

Options Clearing Corporation is looking to adjust parameters for calculating margin requirements during periods when the products it clears & the markets it serves experience high volatility. OPEN for comment!

I understand options are a divisive topic amongst r/Superstonk but this is not a post to advocate using them either wayโ€“as always if you do not know what you are doing with options it is best to stick with buying shares and DRSing. However, as we will cover
dismal-jellyfish ๐Ÿงฑ Market Reform
Senator Brown, Colleagues Urge Agencies to Complete Adoption of the Basel Capital Standards

Senator Brown, Colleagues Urge Agencies to Complete Adoption of the Basel Capital Standards With Strong Final Rule Consistent With the Proposal. Remember, Fed Governor Bowman and Industry Want to Pump the Brakes & Defang These Reforms.

โ€œCapital is the linchpin of safety and soundness in our banking system. When a bank uses more capital to fund its investments and activities instead of debt, it is investors and shareholders, not workers and taxpayers, that take a hit if the bank faces challenges. Strong capital is the shock
dismal-jellyfish ๐Ÿ“ฐ News
Strengthened Penalties on Unfair Trading Activities in Capital Markets Take Effect from January 19

Korea's Financial Service Commission: Strengthened Penalties on Unfair Trading Activities in Capital Markets Take Effect from January 19. FSC can now impose penalties up to twice the amount of unfairly gained profits.

The Financial Services Commission announced that the revised Financial Investment Services and Capital Markets Act (FSCMA) and its subordinate statutes will go into effect on January 19. The revision deals with (a) introducing a penalty surcharge system on unfair trading activities, (b) legislating a method for calculating the amount of
dismal-jellyfish ๐Ÿ‡ฐ๐Ÿ‡ท Korea
Bank Term Funding Program (BTFP) aka the liquidity fairy usage continues to explode--usage up 9.7% in a week

Bank Term Funding Program (BTFP) aka the liquidity fairy usage continues to explode--usage up 9.7% in a week and 30.5% since 12/13/23. The program is confirmed to expire 3/11/24 but usage continues to rapidly pick up speed!

I have posted multiple times about BTFP but from December to January, its usage has EXPLODED. These numbers are reported to the public via two ways: Reports to Congress and weekly via the Fed's balance sheet at a 'Wednesday level'. Reports to Congress: Date Amount outstanding
dismal-jellyfish ๐Ÿ“ˆ Macroeconomics