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FDIC Systemic Resolution Advisory Committee to Meet Next Week.

FDIC Systemic Resolution Advisory Committee to Meet Next Week. The SRAC provides advice and recommendations to the FDIC on a broad range of policy issues regarding the resolution of systemically important financial institutions.

* The Federal Deposit Insurance Corporation’s (FDIC’s) Systemic Resolution Advisory Committee (SRAC) will meet on Tuesday, December 5, 2023, at 9:00 am ET. * The SRAC provides advice and recommendations to the FDIC on a broad range of policy issues regarding the resolution of systemically important financial institutions. * The

Reserve requirements for depository institutions

The Federal Reserve Board today announced technical details related to reserve requirements for depository institutions, which will remain zero...

Wut Mean?: * The Federal Reserve Board announced that the reserve requirements for depository institutions will remain at zero. * However, as legally required, it provided annual adjustments to the reserve requirement exemption amount and the low reserve tranche for 2024, clarifying that these do not represent a change in reserve requirements.

Gary Gensler

Gary Gensler : "I am pleased to support this rule as it fulfills Congress’s mandate to address conflicts of interests in the securitization market, a market which was at the center of the 2008 financial crisis."

Source: https://www.sec.gov/news/statement/gensler-statement-securitizations-112723 Today, the Commission adopted a rule to prohibit certain market participants in the asset-backed securities (ABS) market from taking positions against the products they help bring to market. I am pleased to support this rule as it fulfills Congress’s mandate to

Hester Peirce: "As burdensome as it would have been for the Commission and commenters to formally re-engage, the consequences of getting this rule wrong loom large enough to warrant one more round of comment. Accordingly, I dissent."

Hester Peirce: "As burdensome as it would have been for the Commission and commenters to formally re-engage, the consequences of getting this rule wrong loom large enough to warrant one more round of comment. Accordingly, I dissent."

Source: https://www.sec.gov/news/statement/peirce-statement-securitizations-112723 Although not covering as many eras as this year’s most watched concert tour,[1] this rulemaking comes close. Like its musical counterpart, a rule that is more than a decade and multiple iterations in the making should be really good.[2]

SEC Adopts Rule to Prohibit Conflicts of Interest in Certain Securitizations

SEC Adopts Rule to Prohibit Conflicts of Interest in Certain Securitizations

Details: 251 pages File Number: S7-01-23Rule Type: Final Release Number: 33-11254SEC Issue Date: Nov. 27, 2023 Effective Date: 60 days after publication in the Federal Register Fact Sheet: Press Release: The Securities and Exchange Commission today adopted Securities Act Rule 192 to implement Section 27B of the Securities Act of

South Korean Authorities Discuss Stock Short Sale Reform Measures.

South Korean Authorities Discuss Stock Short Sale Reform Measures. The authorities expect that these proposals will help to bring about improvements to the short selling system and boost fairness and efficiency in capital markets.

Source: https://www.fsc.go.kr/eng/pr010101/81093 Vice Chairman Kim So-young of the Financial Services Commission attended a meeting on short selling reform measures which brought together authorities from the private sector, the ruling party of the National Assembly and the government on November 16. At the meeting,

the Repurchase Rule is hereby stayed pending further Commission action.

SEC Alert! An order issuing a stay has been granted for the Share Repurchase Disclosure Modernization Rule. Rule now on hold due to Chamber of Commerce of the USA suing the SEC about the rule.

What are they so upset about? The proposal would establish new Form SR for reporting issuer share repurchases and enhance existing periodic disclosure. The proposed rules would require an issuer to provide a new Form SR before the end of the first business day following the day the issuer executes