Dismal's Smacks

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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 way–as always if you do not know what you are doing with options it is

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 way–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

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.

“Capital 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

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

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

Reserve Banks increased the deferred asset by $133.0 billion so far...

Odds & Ends: Fed's 2023 expenses exceeded estimated earnings by $114.3 billion, Waller on inflation, Bowman & industry question Basel reform--South Korea strengthens it, Beige book calls out cooling labor market, CFTC meeting & rules

I hope everyone is enjoying a great week! I find it hard to believe January is already more than half over but here we are. Items covered in this post: 1. Federal Reserve Board announces preliminary financial information for the Federal Reserve Banks’ income and expenses in 2023 2. Fed

BIM AFOLAMI SURROUNDED BY VARIOUS HEADLINES ABOUT LOBBYING AND ONGOING INVESTIGATIONS.

⚠️ ❗️ UK Economic Secretary Bim Afolami's RRG & Pension Insurance Corp. are teaming up to petition for "significant power" over independent UK regulators - looks like they want control over the financial markets.

It looks like the UK Government and the Pensions could be in trouble, and the Economic Secretary to the UK Treasury: Bim Afolami is at risk of using his position as Economic Secretary to get more momentum behind the proposals as being put forward by a Regulatory Reform Group (that