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NSCC Alert! 'idiosyncratic risks' mentioned 19 TIMES!!! in proposed rules to mitigate against what they call 'idiosyncratic risks that are presented by portfolios that meet the concentration threshold, including the risks related to gap risk events

NSCC Alert! 'idiosyncratic risks' mentioned 19 TIMES!!! in proposed rules to mitigate against what they call 'idiosyncratic risks that are presented by portfolios that meet the concentration threshold, including the risks related to gap risk events that are not driven by issuer events.' Reposting as this
dismal-jellyfish ๐Ÿ“ฐ News

Builder confidence in the market for newly built single-family homes posted its 12th straight monthly decline in December, dropping two points to 31, according to data released today. This is the lowest confidence reading since mid-2012

Source: https://www.nahb.org/news-and-economics/press-releases/2022/12/reflecting-a-weakening-housing-market-builder-confidence-declined-every-month-in-2022 High mortgage rates, elevated construction costs running well above the inflation rate and flagging consumer demand due to deteriorating affordability conditions have dragged builder sentiment down every month in 2022. Builder confidence in the market for newly built single-family homes
dismal-jellyfish ๐Ÿ“ˆ Macroeconomics

NSCC Alert! Proposed Rule Change to Make Certain Enhancements to the Gap Risk Measure and the VaR Charge. These proposed enhancements developed 'in response to recent market events that led to a reconsideration of the idiosyncratic risks that the Gap Risk

Source: https://www.sec.gov/rules/sro/nscc/2022/34-96511.pdf Notice of Filing a Proposed Rule Change to Make Certain Enhancements to the Gap Risk Measure and the VaR ChargeComments due: 21 days after publication in the Federal RegisterAdditional Materials: Exhibit 3a, Exhibit 3b, Exhibit 5 When applicable, NSCC
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Federal Reserve & FDIC Alert! The Fed & FDIC announced today that they will extend until January 23, 2023, the comment period on an advance notice of proposed rulemaking to enhance regulators' ability to resolve large banks in an orderly way.

Source: https://www.federalreserve.gov/newsevents/pressreleases/bcreg20221215a.htm The Federal Reserve Board and the Federal Deposit Insurance Corporation announced today that they will extend until January 23, 2023, the comment period on an advance notice of proposed rulemaking to enhance regulators' ability to resolve large banks in an
dismal-jellyfish ๐Ÿ“ฐ News