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FDIC Systemic Resolution Advisory Committee (SRAC) to Meet Next Week. The meeting will facilitate discussion on the FDIC’s resolution authority, granted under the Dodd–Frank Act of 2010, to manage the orderly resolution of large, complex financial institutions whose failure could threaten stability. Source: https://www.fdic.gov/news/

Federal Reserve issues FOMC statement: The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. In support of these goals, the Committee decided to raise the target range for the federal funds rate to 3-3/4 to 4 percent. Source: https:

Hester is big mad. Source: https://www.sec.gov/news/statement/peirce-statement-open-end-funds-110222 Thank you, Mr. Chair. I cannot support even releasing this proposal for comment. At a time when so much of our rulebook is up for discussion, nobody has the bandwidth to consider properly a proposal that would fundamentally

SEC Alert! The SEC voted to propose amendments to better prepare open-end funds for stressed conditions & to mitigate dilution of shareholders’ interests. Would enhance how funds manage their liquidity risks, require mutual funds implement liquidity management tools, & more timely & detailed reports Source: https://www.sec.gov/news/

SEC Alert! Chair Gary Gensler: Today, the Commission will consider whether to propose amendments to enhance the liquidity risk management of open-end funds. I’m pleased to support the proposal because, if adopted, it would promote investor protection and greater resiliency for open-end funds. Source: https://www.sec.gov/news/

Source: https://www.sec.gov/news/press-release/2022-198 The Securities and Exchange Commission today adopted amendments to Form N-PX to enhance the information mutual funds, exchange-traded funds, and certain other registered funds report about their proxy votes. The amendments will make these funds’ proxy voting records more usable and easier