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Dems give Fed ‘veto power’ over crypto bills, Rep. Ritchie Torres says. ‘I cannot for the life of me understand why we should give veto power to regulators over bipartisan regulation and compromise,’ Torres said

Source: https://www.marketwatch.com/story/dems-give-fed-veto-power-over-crypto-bills-rep-torres-says-d2d1d719 Highlights: * Both Democrats and Republicans agree on the need for stablecoin legislation. * Rep. Ritchie Torres claims his party’s strong alignment with the White House and financial regulators has hampered reaching a compromise. * Negotiations on the House Financial Services Committee's stablecoin

Agencies update guidance on liquidity risks and contingency planning. "The updated guidance encourages depository institutions to incorporate the discount window as part of their contingency funding plans." The liquidity fairy is now ENCOURAGED?

https://www.federalreserve.gov/newsevents/pressreleases/files/bcreg20230728a1.pdf * The Fed * Federal Deposit Insurance Corporation * National Credit Union Administration * Office of the Comptroller of the Currency Wut mean?: Given the unpredictable financial events in the first half of 2023, it's emphasized that depository institutions should have robust contingency

The Fed announces the individual capital requirements for all large banks, effective on October 1. The minimum capital requirement is 4.5 percent; The stress capital buffer requirement is at least 2.5 percent. Buckle up!

The Fed announces the individual capital requirements for all large banks, effective on October 1. The minimum capital requirement is 4.5 percent; The stress capital buffer requirement is at least 2.5 percent. Buckle up!

Source: https://www.federalreserve.gov/publications/files/large-bank-capital-requirements-20230727.pdf Wut mean?: * Following its stress test earlier this year, the Federal Reserve Board today announced the individual capital requirements for all large banks, effective on October 1. Large bank capital requirements are in part determined by the Board's stress

Sunshine meeting notice for meting that the public interest did not require consideration & already occurred today at 11:16a.m., considered RESOLUTION activities. Bank fail?

Sunshine meeting notice for meting that the public interest did not require consideration & already occurred today at 11:16a.m., considered RESOLUTION activities. Bank fail?

https://public-inspection.federalregister.gov/2023-16306.pdf A bank resolution occurs when authorities determine that a failing bank cannot go through normal insolvency proceedings without harming public interest Resolution is a way to manage the failure of a bank, building society, or central counterparty. TLDRS: * Sunshine meeting notice for meting that

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/

CREDIT SUISSE SECURITIES (USA) LLC [MBFB] & CREDIT SUISSE AG, NEW YORK BRANCH [CSAG] - Final Retire. As of today, neither Clearing account has open trade obligations on the books of FICC. Effective immediately, the accounts are terminated.

https://www.dtcc.com/-/media/Files/pdf/2023/7/26/MBS1250-23.pdf https://www.dtcc.com/-/media/Files/pdf/2023/7/26/MBS1249-23.pdf Reddit Post

Commissioner Hester M. Peirce on the SEC's conflict of Interest when using predictive data Analytics by Broker-Dealers and Investment Advisers Proposal: "I dissent from this proposal and the thinking it embodies."

Commissioner Hester M. Peirce on the SEC's conflict of Interest when using predictive data Analytics by Broker-Dealers and Investment Advisers Proposal: "I dissent from this proposal and the thinking it embodies."

https://www.sec.gov/news/statement/peirce-statement-predictive-data-analytics-072623 Highlights: The best thing I can say for this proposal is that it serves, perhaps unintentionally, as a mirror reflecting the Commission’s distorted thinking. In that mirror, you will see the Commission’s attitude toward technology, which is not neutral, but hostile.