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‘Shadow Banks’ Account for Half of the World’s Assets—and Pose Growing Risks: 'no one seems to have a firm handle on the risks that nonbank financial entities could pose if numerous trades and investments sour.'

Source: https://www.marketwatch.com/articles/shadow-banks-account-for-half-of-the-worlds-assetsand-pose-growing-risks-8f4b5961 The sudden failure this year of three sizable American banks demonstrated one way in which the financial system can “break” as the Federal Reserve and other central banks press a campaign to normalize interest rates. There could be others. Risk-minded regulators, policy makers,
dismal-jellyfish 📈 Macroeconomics

$86 billion deposited to commercial banks in the last week (May 17th-24th). $920 billion in deposits has been pulled since the all time hit 4/13/22. Since the run picked up momentum 2/22/2023, $452 billion in deposits have been pulled.

Happy Friday Superstonk, I hope everyone had a great week! Resident Jellyfish back again to review this weeks commercial bank deposit data (and how deposit outflows are still being 'made up' with borrowing from sweetheart liquidity programs for the banks. https://www.federalreserve.gov/releases/h8/20230602/ https:
dismal-jellyfish 📈 Macroeconomics

SEC Alert! Statement Second Commission Statement Relating to Certain Administrative Adjudications.

An update on how certain databases were not configured to restrict access by staff from our Division of Enforcement to memoranda drafted by staff from the Adjudication Group. Source: https://www.sec.gov/news/statement/second-commission-statement-relating-certain-administrative-adjudications * Exhibit 1 – Case-Specific Memoranda Accessed by Enforcement Staff Relating to C… * Exhibit 2 – Case-Specific
dismal-jellyfish 🧱 Market Reform

Corporate Media: Apple’s Revenue Could Get a Big Boost From AR/VR. One analyst concluded AR/VR could become the next major computing platform for Apple, with revenue topping $20 billion a year by 2030 and perhaps reaching as high as $70 billion. I wonder

Source: https://www.marketwatch.com/articles/apple-vr-ar-headset-wwdc-revenue-boost-fdf1a6e0 Apple’s Worldwide Developers Conference kicks off Monday, and expectations are high that the focus of the company’s keynote will be a widely anticipated and speculated about AR/VR headset. Near-term sales expectations for the device—which Apple (ticker: AAPL) has said
dismal-jellyfish 🗣 Discussion / Question

Commodity Futures Trading Commission (CFTC) seeks public comment on the Risk Management Program Requirements for Swap Dealers and Futures Commission Merchants.

Regulation 23.600 does not explicitly require an SD’s RMP to include written policies and procedures to safeguard counterparty collateral. https://www.cftc.gov/media/8671/federalregister06012023/download From a Press Release: The Commodity Futures Trading Commission today published an advanced notice of proposed rulemaking (ANPRM) seeking public comment
dismal-jellyfish 🧱 Market Reform