SEC Alert! Martha Legg Miller, Director of the Office of the Advocate for Small Business Capital Formation (OASB), is leaving the agency at the end of April. Sebastian Gomez Abero will serve as Acting Director.
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SEC Alert! Statement on proposal to Remove References of Credit Ratings from Regulation M. Rules 101 and 102 currently have an exception for investment-grade securities.
source
Reg M, a 26-year-old rule, prohibits parties involved in the distribution of securities from buying or selling securities or inducing others to buy or sell the securities. Rules 101 and 102 restrict the ability of certain offering participants to jump into the market to support the offering before their
Inflation and Federal Reserve Alert! Governor Christopher J. Waller: In 1972-1973, the average household spent 24 percent of expenditures on rent or imputed rent. This share rose to 27 percent in the late 1980s, and in 2019 that was up to 35 percent.
The Red Hot Housing Market: the Role of Policy and Implications for Housing Affordability
Governor Christopher J. Waller
At the "Recent Fiscal and Monetary Policy: Implications for U.S. and Israeli Real Estate Markets" conference
Source
Watch Remarks
Thank you, Debra, and thank you to the Alrov Institute
SEC Alert! he Securities and Exchange Commission today voted to propose changes that would remove the references to credit rating agencies from existing exceptions provided in Rule 101 and Rule 102 of Regulation M
Proposed Rule (95 pages)
Source
The Commission proposes to replace the credit-rating requirement included in Rule 101โs exception, which is available to distribution participants and their affiliated purchasers, with requirements that the nonconvertible debt securities and nonconvertible preferred securities meet a specified probability of default threshold, and that the
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Federal Reserve Alert! The following have been added to the list of Standing Repo Facility Counterparties, effective March 22: Canadian Imperial Bank of Commerce, New York Branch and Natixis New York Branch.
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DTCC Alert! Is anyone else curious about the DTCC's Sponsored Repo program allows cash to move from cash providers to investment funds/dealers in a manner that both reduces balance sheet costs and counterparty risk?
Source DTCC Announcement
So I am was covering the additions to the Standing Repo Facility this morning and in the process came across the source links above about the DTCC's Sponsored Repo facility.
tl:dr it appears traditional repo is balance sheet intensive. Sponsored Repo via DTCC, not