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FICC Alert! Proposed rule to amend the Mortgage-Backed Securities Division Clearing Rules to move certain Deterministic Risk Component items (Mark-to-Market items, cash obligation items and accrued principal and interest) from the Required Fund Deposit

Federal Reserve Alert! Michael Held Resigns from the New York Fed

Source NEW YORK – The Federal Reserve Bank of New York today announced that Michael Held has decided to step down from his role as General Counsel and Head of the Legal Group. He will be leaving the Bank in June 2022 and in the interim will move to an advisor

Federal Reserve Alert! Federal Reserve Board issues enforcement action with former employee Joseph Jiampietro, former managing director of Goldman Sachs Group, Inc.--he is permanently barred from the banking industry stemming from his unauthorized use and

Source PDF attachment Jiampietro agreed to the prohibition, stemming from his unauthorized use and disclosure of confidential supervisory information. Confidential supervisory information includes bank examination reports and other confidential reports prepared by banking regulators. It is illegal to use or disclose confidential supervisory information without prior approval of the appropriate

SEC Alert! Is anyone surprised Hester Peirce has this to say about yesterday's proposed rules for Swap Execution Facilities? "I would not have written the same set of rules were I writing them from scratch."

Source Proposed rules (pdf) referred to. From the pdf: Comments should be received on or before [INSERT DATE 30 DAYS AFTER DATE OF PUBLICATION IN FEDERAL REGISTER OR JUNE 6, 2022 (WHICH IS 60 DAYS AFTER ISSUANCE), WHICHEVER IS LATER]. ADDRESSES: Comments may be submitted by any of the following

SEC Alert! Today, the Commission is considering a proposal to create a framework for the registration of security-based swap execution facilities (security-based SEFs).

SEC Alert! Today, the Commission is considering a proposal to create a framework for the registration of security-based swap execution facilities (security-based SEFs). If adopted, it would increase the transparency and integrity of the traditionally opaque OTC security-based swap market. Reddit Post

Federal Reserve Alert! Governor Lael Brainard gives speech on inflation: 'Variation in the Inflation Experiences of Households'

Source It is a pleasure to join you to discuss differences in how households at different income levels experience inflation.1 I look forward to hearing from the panelists, who are doing important and interesting research on this topic. By law, the Federal Reserve is assigned the responsibility to pursue

SEC Alert! The Commission has identified a control deficiency related to the separation of its enforcement and adjudicatory functions within its system for administrative adjudications. Review found that agency enforcement staff had access to certain adju

Source The Commission has identified a control deficiency related to the separation of its enforcement and adjudicatory functions within its system for administrative adjudications. When this deficiency was identified, the Chair immediately notified the other Commissioners and directed the staff to undertake remedial measures and commence a comprehensive internal review