Dismal's Smacks

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Inflation Alert! Despite a 3.0% increase in the overall index, excluding food and energy, inflation remains persistent as it rose by 4.8% over the past 12 months. While Corporate Media celebrates the headline, inflation is still growing.

Source: https://www.bls.gov/news.release/cpi.nr0.htm All items less food and energy: * Inflation and Housing: * The overall index for items excluding food and energy increased by 0.2% in June. * The cost of housing, represented by the shelter index, rose by 0.4% in June. * Rent

Commodity Futures Trading Commission (CFTC) Alert! CFTC approves FINAL rule on Governance Requirements for Derivatives Clearing Organizations. Derivatives clearing organizations need all these in changed in place by 1. July 12, 2024.

Source: https://public-inspection.federalregister.gov/2023-14361.pdf Highlights: 1. Derivatives clearing organizations (DCO)s will now have to set up and consult with one or more risk management committees (RMCs). These committees will be made up of clearing members and their customers. The idea is to involve these groups in

Inflation Alert! The Reserve Bank of New Zealand's Monetary Policy Review July: The Official Cash Rate (OCR) held at 5.5%. Employment above sustainable level, Consumer spending slows.

https://www.rbnz.govt.nz/hub/news/2023/07/official-cash-rate-remains-on-hold Highlights: * The RBNZ has decided to keep the Official Cash Rate (OCR) at 5.50%. Remember, this is the rate of interest which the RBNZ charges on overnight loans to commercial banks. * The RBNZ expects the OCR to remain at

FINRA 'Discipline' Alert! Between December 2018 and April 2021, RBC filed short interest reports that overpriced the number of shares associated with 3,513 short interest positions by approximately 697 million shares.

Penalty? Without admitting or denying anything, a censure and $250,000 fine. https://www.finra.org/sites/default/files/fda_documents/2021071191801%20RBC%20Capital%20Markets%2C%20LLC%20CRD%2031194%20AWC%20vr.pdf Good Tuesday evening Superstonk, neighborhood jellyfish back with you on some 'discipline' JUST handed down TODAY

SEC Alert! The CLOSED door meeting scheduled for Thursday has been updated! 'Consideration of amici participation' added to the agenda.

'Amici advise and assist courts on matters of law and bring to the court's attention certain matters of law that may have escaped court's https://public-inspection.federalregister.gov/2023-14986.pdf https://www.law.cornell.edu/wex/amicus Hypothesis: Reading between the lines of what they

Is ICE Clear Europe preparing for DRS and MOASS!?? Proposed rule (OPEN for comment!) "to address the treatment of certain losses that do not result from Clearing Member default, including certain investment losses & custodial losses."

https://public-inspection.federalregister.gov/2023-14814.pdf https://public-inspection.federalregister.gov/2023-14814.pdf Wut mean? The rule change is about how certain non-default losses, such as investment losses and custodial losses, are treated. ICE Clear Europe first proposed this rule change on April 21, 2023, and then made amendments to it

Commodity Futures Trading Commission (CFTC) Alert! CFTC Staff Extends Temporary No-Action Letter Regarding Certain Financial Reporting Requirements for Bank Swap Dealers.

https://www.cftc.gov/csl/23-11/download Wut mean? The Market Participants Division (MPD) of the U.S. Commodity Futures Trading Commission (CFTC) is extending the temporary no-action position established in CFTC Staff Letter 21-18. This pertains to the financial reporting requirements for eligible swap dealers (SDs). The no-action position