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DTC & OPEN for Comment Alert! DTC seeking 'warning indicators'

DTC & OPEN for Comment Alert! DTC seeking 'warning indicators'

TLDRS: * DTC seeking 'warning indicators': "for example, the effectiveness and speed of DTC’s efforts to liquidate Collateral securities, and an impediment to the availability of DTC’s resources to repay any borrowings due to any Participant Default." * Hedging called out as a trigger to monitor

OPEN FOR COMMENT! ICE Clear Europe Limited’s Request to Withdraw from Registration as a Clearing Agency, it intends to terminate its credit default swap clearing business as of October 27, 2023.

OPEN FOR COMMENT! ICE Clear Europe Limited’s Request to Withdraw from Registration as a Clearing Agency, it intends to terminate its credit default swap clearing business as of October 27, 2023.

TLDRS: * ICE Clear Europe Limited’s Request to Withdraw from Registration as a Clearing Agency, it intends to terminate its credit default swap clearing business as of October 27, 2023 * ICE Clear Europe has the authority under ICE Clear Europe’s Rules to terminate and cash settle those contracts--will it

26 banking trade associations send letter AGAINST the SEC's proposed Custody Rule: "The segregation of client assets requirement would effectively prohibit prime brokers from providing margin financing by rehypothecating client assets"

26 banking trade associations send letter AGAINST the SEC's proposed Custody Rule: "The segregation of client assets requirement would effectively prohibit prime brokers from providing margin financing by rehypothecating client assets"

TLDRS: * 26 banking trade associations send letter AGAINST the SEC's proposed Custody Rule: "The segregation of client assets requirement would effectively prohibit prime brokers from providing margin financing by rehypothecating client assets" * "Requiring qualified custodians to hold client cash in segregated, off-balance sheet accounts would

Banking Trade Associations are BIG mad at proposal by U.S. banking regulators to require lenders to hold more capital on their balance sheets, send letter calling on banking agencies to Re-Propose Basel Rule.

Banking Trade Associations are BIG mad at proposal by U.S. banking regulators to require lenders to hold more capital on their balance sheets, send letter calling on banking agencies to Re-Propose Basel Rule.

TLDRS: * Banking Trade Associations BIG mad at proposal by U.S. banking regulators to require lenders to hold more capital on their balance sheets, call on banking agencies to Re-Propose Basel Rule. * New proposed 944 page rule "that would substantially revise the capital requirements applicable to large banking organizations

Fed, FDIC, Comptroller of Currency & OPEN Comment Alert! Proposed 944 page rule "that would substantially revise the capital requirements applicable to large banking organizations and to banking organizations with significant trading activity."

Fed, FDIC, Comptroller of Currency & OPEN Comment Alert! Proposed 944 page rule "that would substantially revise the capital requirements applicable to large banking organizations and to banking organizations with significant trading activity."

TLDRS: * New proposed 944 page rule "that would substantially revise the capital requirements applicable to large banking organizations and to banking organizations with significant trading activity." * Comments due by 11/30/23. * "Historical experience has demonstrated the impact individual banking organizations can have on the stability of

CFTC requests public comment for the proposed renewal of collection of information for the 'Disclosure and Retention of Certain Information Relating to Cleared Swaps Customer Collateral'.

CFTC requests public comment for the proposed renewal of collection of information for the 'Disclosure and Retention of Certain Information Relating to Cleared Swaps Customer Collateral'.

Source: https://public-inspection.federalregister.gov/2023-18592.pdf What is being collected: * Section 22.2(g) requires each FCM with Cleared Swaps Customer Accounts to compute daily the amount of Cleared Swaps Customer Collateral on deposit in Cleared Swaps Customer Accounts, the amount of such collateral required to be on deposit

U.S. Department of the Treasury, IRS Release Proposed Regulations on Sales and Exchanges of Digital Assets by Brokers. OPEN for comment!

U.S. Department of the Treasury, IRS Release Proposed Regulations on Sales and Exchanges of Digital Assets by Brokers. OPEN for comment!

Source: https://public-inspection.federalregister.gov/2023-17565.pdf How to comment: * www.regulations.gov (use IRS and REG-122793-19 to identify your submission) * 60 days is October 28th, 2023 60 days is October 28th, 2023 Press Release: The U.S. Department of the Treasury (Treasury Department) and the Internal Revenue Service (IRS)