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Comment Template for new FINRA Rule 6500 Series (Securities Lending and Transparency Engine (SLATE))

Comment Template for new FINRA Rule 6500 Series (Securities Lending and Transparency Engine (SLATE)) to require reporting of securities loans and provide for the public dissemination of loan information. Comments Due by 5/28/24.

Before going any further, have you checked out kibblepigeon's post? 💡REGULATORY KILL SHOT 🎯 Rule proposal: SR-OCC-2024-001 has been shut down by the SEC & we're close to getting it kicked out. Time to drive home this win. Find PART TWO here 🎯 ⏰ ⏳ DEADLINE: Friday 17th May 2024

CALL OF DUTY - OPERATION: MARKET REFORM

REGULATORY KILL SHOT - Rule proposal: SR-OCC-2024-001 has been shut down by the SEC. Let's drive this win home.

The SEC's rejects OCC's bid to adjust margin thresholds for clearing members during high market volatility. Does this signal OCC's concern over risk of default?

FINRA proposes reporting of securities loans and provide for the public dissemination of loan information.

FINRA is proposing to adopt the new FINRA Rule 6500 Series (Securities Lending and Transparency Engine (SLATE)) to require reporting of securities loans and provide for the public dissemination of loan information.

Background: "In its Adopting Release, the Commission stated that SEA Rule 10c-1a would increase transparency in the securities lending market, resulting in a reduction of the information disadvantage faced by end borrowers and beneficial owners, improved price discovery, increased competition among providers of securities lending analytics services, reduced costs

Source: https://www.cftc.gov/PressRoom/PressReleases/8900-24

CFTC CANCELS 4/29/24 OPEN meeting that was set to consider Capital and Financial Reporting Requirements for Swap Dealers and Major Swap Participants & Amendments to the Large Trader Reporting Rules--taken up via seriatim instead.

What does seriatim mean? "Through the seriatim process, the Commission considers and votes by written procedure pursuant to which the recommendations are considered separately by each Commissioner in turn (i.e., in seriatim). Each participating Commissioner will report her or his vote on the recommendation to the Secretary of

Bank Fail Friday!

Bank Fail Friday! Fulton Bank, N.A. of Lancaster, Pennsylvania Assumes Substantially All Deposits of Republic First Bank, Philadelphia.

Source: https://www.fdic.gov/news/press-releases/fulton-bank-na-lancaster-pennsylvania-assumes-substantially-all-deposits Philadelphia-based Republic First Bank (doing business as Republic Bank) was closed today by the Pennsylvania Department of Banking and Securities, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect depositors, the FDIC entered into an agreement with Fulton Bank,

On April 30, 2024 DTC will implement changes to modify collateral value for certain securities.

On April 30, 2024, as part of the annual renewal of the line-of-credit facility, DTC will implement changes to modify collateral value for certain securities, which may affect the value of positions applied to the Collateral Monitor.

* Collateral valuation for corporate notes or bonds rated B1 to B3, will be updated to use a haircut value of 70%, up from 50%. * No collateral value will be given for any ETF or other investment vehicle that includes Bitcoin or any other cryptocurrency as an underlying investment, hence will

Financial Stability Report: Leverage at hedge funds reached its highest level since data became available.

Financial Stability Report: Leverage at hedge funds reached its highest level since data became available.

The Financial Stability Report summarizes the Federal Reserve Board's framework for assessing the resilience of the U.S. financial system and presenting the Board's current assessment. By publishing this report, the Board intends to promote public understanding and increase transparency and accountability for the Federal Reserve’