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Proposal OPEN for comment that would make certain adjustments to the calculation of the capital surcharge for the largest and most complex banks, measuring a bank's systemic importance averaged over the entire year, instead of only at the year-end.

Proposal OPEN for comment that would make certain adjustments to the calculation of the capital surcharge for the largest and most complex banks, measuring a bank's systemic importance averaged over the entire year, instead of only at the year-end.

Source: https://www.federalreserve.gov/aboutthefed/boardmeetings/frn-gsib-20230727.pdf How to comment: * Submit comments by November 30, 2023. * Include: Docket No. (Still waiting for this) and RIN (still waiting for this) in your submissions. Methods: * Website: Go to http://www.federalreserve.gov and follow instructions at http://www.federalreserve.gov/

Rule Change to FINRA Rule 4210 (Margin Requirements): "the proposed rule is designed to protect FINRA"

Rule Change to FINRA Rule 4210 (Margin Requirements): "the proposed rule is designed to protect FINRA"

"FINRA stated that a given broker-dealer is not protected by the fact that another broker-dealer “up the chain” has already collected margin or taken a capital charge." Source: https://www.sec.gov/rules/sro/finra/2023/34-98003.pdf Background: * Most residential mortgages in the U.S. are pooled

Free Credit Balances (a broker/dealer's liability to customers, which the customers can cash out on demand) in Customers' Securities Margin Accounts the lowest EVER in June. Likely means folks buying more securities or are covering margin requirements.

Free Credit Balances (a broker/dealer's liability to customers, which the customers can cash out on demand) in Customers' Securities Margin Accounts the lowest EVER in June. Likely means folks buying more securities or are covering margin requirements.

https://www.finra.org/rules-guidance/key-topics/margin-accounts/margin-statistics Wut mean?: According to FINRA Rule 4521(d), FINRA member firms with customer margin accounts must report by the last business day of each month: 1. Total debit balances in securities margin accounts. 2. Total free credit balances in all cash and

FDIC Alert! Proposed Rules to Strengthen Capital Requirements for Large Banks

FDIC Alert! Proposed Rules to Strengthen Capital Requirements for Large Banks

1089 pages! * Board Memorandum * Proposed Rule * Financial Institution Letter * Fact Sheet * Overview to Basel III Proposed Rulemaking * Statement by FDIC Chairman Martin J. Gruenberg * Statement by FDIC Vice Chairman Travis Hill * Statement by FDIC Director Jonathan McKernan A recording of the full webcast is available here https://www.fdic.gov/

The Fed's decision to raise Fed Funds Rate by 25 basis points will not result in a change in TMPG Fail Charge. Settlement Obligation fails (FTDs in Treasury & Government bonds) & will continue to be charged at the TMPG fail charge floor rate.

The Fed's decision to raise Fed Funds Rate by 25 basis points will not result in a change in TMPG Fail Charge. Settlement Obligation fails (FTDs in Treasury & Government bonds) & will continue to be charged at the TMPG fail charge floor rate.

https://www.dtcc.com/-/media/Files/pdf/2023/7/26/MBS1251-23.pdf https://www.dtcc.com/-/media/Files/pdf/2023/7/26/GOV1517-23.pdf https://twitter.com/susannetrimbath/status/1521955876386394113 Dr. T dropping knowledge. They charge 3% MINUS fed funds target rate (minimum 1%) Treasury Market Practices Group

CFTC Alert! CFTC Approves Final DCO Reporting and Information Requirement and Three Proposals at the Commission Open Meeting.

CFTC Alert! CFTC Approves Final DCO Reporting and Information Requirement and Three Proposals at the Commission Open Meeting.

CFTC Approves Final DCO Reporting and Information Requirement and Three Proposals at the Commission Open Meeting: update information requirements associated with commingling customer funds and positions in futures and swaps in the same account approved, among other items. Sources: * Final Rule: Reporting and Information Requirements for Derivatives Clearing Organizations * Proposed

Debit Balances in Customers' Securities Margin Accounts increased by $37,058 million, 5.75% from May-June--the biggest jump since Dec. 2022. Implies that customers are borrowing more money from their brokers to buy securities on margin.

Debit Balances in Customers' Securities Margin Accounts increased by $37,058 million, 5.75% from May-June--the biggest jump since Dec. 2022. Implies that customers are borrowing more money from their brokers to buy securities on margin.

https://www.finra.org/rules-guidance/key-topics/margin-accounts/margin-statistics Source: https://www.finra.org/sites/default/files/2021-03/margin-statistics.xlsx Wut mean?: According to FINRA Rule 4521(d), FINRA member firms with customer margin accounts must report by the last business day of each month: 1. Total debit balances in securities