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South Korean Authorities Discuss Stock Short Sale Reform Measures.

South Korean Authorities Discuss Stock Short Sale Reform Measures. The authorities expect that these proposals will help to bring about improvements to the short selling system and boost fairness and efficiency in capital markets.

Source: https://www.fsc.go.kr/eng/pr010101/81093 Vice Chairman Kim So-young of the Financial Services Commission attended a meeting on short selling reform measures which brought together authorities from the private sector, the ruling party of the National Assembly and the government on November 16. At the meeting,

the Repurchase Rule is hereby stayed pending further Commission action.

SEC Alert! An order issuing a stay has been granted for the Share Repurchase Disclosure Modernization Rule. Rule now on hold due to Chamber of Commerce of the USA suing the SEC about the rule.

What are they so upset about? The proposal would establish new Form SR for reporting issuer share repurchases and enhance existing periodic disclosure. The proposed rules would require an issuer to provide a new Form SR before the end of the first business day following the day the issuer executes

October 31–November 1, 2023 FOMC Minutes

October 31–November 1, 2023 FOMC Minutes: "The staff provided an update on its assessment of the stability of the financial system and, on balance, judged that the financial vulnerabilities of the U.S. financial system were notable."

Developments in Financial Markets and Open Market Operations: The manager turned first to a review of developments in financial markets over the intermeeting period. Financial conditions continued to tighten, driven by higher yields on Treasury securities as well as by lower equity prices and a stronger dollar, which themselves partly

FDIC board of directors establishes special committee to oversee independent review of agency culture.

After WSJ call out for 'toxic atmosphere' full of strip clubs, dick pics, & booze, the FDIC board of directors establishes special committee to oversee independent review of agency culture.

As we covered last week, the Wall Street Journal called out the FDIC's toxic work environment. Today, they announce an independent review of Agency Culture. The Federal Deposit Insurance Corporation (FDIC) Board of Directors today announced the establishment of a special committee of the Board to oversee an

CFTC's Market Risk Advisory Committee to meet on 12/11

CFTC's Market Risk Advisory Committee to meet on 12/11 to address central counterparty risk and governance, market structure developments, and innovative & emerging technologies affecting the derivatives & related financial markets.

Meeting details: What: Market Risk Advisory Committee Meeting Location: (in person/virtual) CFTC Headquarters (Conference Center) Three Lafayette Center 1155 21st Street N.W. Washington, D.C. *Virtual instructions below When: Monday, December 11, 2023 9:30 a.m. – 12:30 p.m. EST Viewing/Listening Instructions: Members of the

Notice of Designated Reserve Ratio for 2024.

FDIC Alert! Notice of Designated Reserve Ratio for 2024. FDIC designates that the Designated Reserve Ratio (DRR) for the Deposit Insurance Fund shall remain at 2 percent for 2024.

What is the Designated Reserve Ratio? * The Federal Deposit Insurance Act requires the FDIC's Board of Directors to set a target or Designated Reserve Ratio (DRR) for the Deposit Insurance Fund (DIF) annually. * The DRR is the total of the DIF divided by the total estimated insured deposits

Delinquency Rates on Loans and Leases at Commercial Banks are spiking!

Delinquency Rates on Loans and Leases at Commercial Banks are spiking!

Source: https://www.federalreserve.gov/releases/chargeoff/delallsa.htm Credit Cards: All Consumer Loans: Delinquency Rate on All Loans, All Commercial Banks: On the consumer side, this lines up with the Survey of Consumer Expectations: U.S. households probability of being able to come up with $2,000 if an