Dismal's Smacks

🌙 ☀️

Sign in Subscribe

Latest

2/5's do not collect margin

September 2023 Senior Credit Officer Opinion Survey, special questions about trading of zero-days-to-expiry (0DTE) options: "Two-fifths of the dealers do not collect margin on 0DTE options."

Highlights: * Approximately two-fifths of dealers, on net, reported that they had increased the resources and attention they devoted to managing their concentrated credit exposure to other dealers and other financial intermediaries over the past three months--highest since June 2020. * Approximately one-fourth of dealers, on net, indicated increased funding demand for

Consumer Price Index for All Urban Consumers: Purchasing Power of the Consumer Dollar in U.S. City Average

Inflation Alert! In August, the purchasing power of $100 in January 2000 dropped to $55.10 (-$.10 from July).

Zooming in: CPI tracks the loss of the purchasing power of your dollars, and thereby the purchasing power of your hard earned labor! * August 2022 purchasing power of $100 in January 2000: 57.1 (down -3.5% in purchasing power in the last year!) * August 2021 purchasing power of $100

Material Loss Review of Silicon Valley Bank

Fed OIG Report on SVB: Officials considered removing SVB’s CEO from FRB San Francisco’s board of directors after discussions to downgrade SVB’s rating but chose not to for fear of spooking markets.

Summary: Silicon Valley Bank—which once had over $200 billion in total assets—failed in March 2023. SVB went into receivership and cost the Deposit Insurance Fund an estimated $16.1 billion. SVB failed for several reasons. It was vulnerable to the business cycles of its customer base—concentrated in

Official Portrait 2022

Gary Gensler: "The SEC now has issued proposals for most of that unified agenda we laid out two years ago." "I will not be able to comment on any active, ongoing litigation."

Source: SEC Chair Gary Gensler Testimony Before the United States House of Representatives Committee on Financial Services With Citadel telling peers it is ready to fight the SEC, Members of Congress introducing bills to fire him, and serious efforts behind closed doors to block the SEC's agenda, I

POSTPONED: October 5, 2023 Meeting of the Global Markets Advisory Committee.

POSTPONED: October 5, 2023 Meeting of the Global Markets Advisory Committee. Was to be a presentation on swap market oversight, tokenized assets, & NFT Regulation.

88 FR 62068: * At this meeting, the GMAC will hear a presentation from the GMAC’s Global Market Structure Subcommittee on the Subcommittee’s workstreams involving U.S. Treasury market reforms, global standards and best practices for market volatility controls and circuit breakers, improving liquidity across asset classes, and international

CFTC Whistleblower Determination

Whistleblower Alert! CFTC Awards Whistleblower More Than $300,000. This Means the Penalty Levied Ranged from $1-$3 million

Press Release: The Commodity Futures Trading Commission today announced an award of more than $300,000 to a whistleblower whose particularly informative tip caused the Division of Enforcement (DOE) to open an investigation that led to an underlying enforcement action. That tip precisely and accurately described the misconduct at issue.

NSCC provided notice to its Members confirming VaR Charge changes effective 10/2/23. Why? IDIOSYNCRATIC RISK! I believe these changes help set the stage for MOASS.

NSCC provided notice to its Members confirming VaR Charge changes effective 10/2/23. Why? IDIOSYNCRATIC RISK! I believe these changes help set the stage for MOASS.

This Follows up the planned implementation announcement from 8/25/23: I'd like to call folks attention to something called out in the 8/25 announcement but not today's: "Haircuts" It just so happens, on 9/22 NSCC has also submitted to update the