Dismal's Smacks

🌙 ☀️

Sign in Subscribe

📰 News

Federal Reserve Board announces the results from the review of the supervision and regulation of Silicon Valley Bank, led by Vice Chair for Supervision Barr

Federal Reserve Board announces the results from the review of the supervision and regulation of Silicon Valley Bank, led by Vice Chair for Supervision Barr

https://www.federalreserve.gov/publications/files/svb-review-20230428.pdf Source:https://www.federalreserve.gov/newsevents/pressreleases/bcreg20230428a.htm The Federal Reserve Board on Friday announced the results from the review of the supervision and regulation of Silicon Valley Bank, led by Vice Chair for Supervision Michael S. Barr. The review finds

CFTC Commissioner Christy Goldsmith Romero: "The use of digital assets for illicit finance poses national security and other risks."

"The crypto markets are used to facilitate illicit financing of drugs, human trafficking, ransomware, terrorism, and malicious state sponsored activity" Illicit Finance and Other Key Risks of Digital Assets: Keynote at City Week 2023 CFTC Commissioner Christy Goldsmith Romero in London https://www.cftc.gov/PressRoom/SpeechesTestimony/oparomero8

From January 2011 through December 2022, Barclays Capital failed to report, or inaccurately reported, over-the-counter options positions to the LOPR in approximately 4.3 million instances in violation.

Punishment? A censure and $2.5 million fine without admitting or denying the findings. Source: https://www.finra.org/sites/default/files/fda_documents/2019061076001%20Barclays%20Capital%2C%20Inc.%20CRD%2019714%20AWC%20gg.pdf BACKGROUND * Barclays Capital became a FINRA member in October 1987. * The firm is headquartered in New

The FDIC estimates that the failures of Silicon Valley Bank and Signature Bank resulted in losses of approximately $22.5 billion. $19.2 billion is attributable to the protection of uninsured depositors under the Systemic Risk Exception

Semiannual Update on the DIF Restoration Plan https://www.fdic.gov/news/board-matters/2023/2023-04-18-notice-dis-a-mem.pdf Potential losses: * Losses from past bank failures and reserves related to potential future bank failures affect the reserve ratio by lowering the fund balance. * In recent years, the DIF has experienced low losses from

Treasury 2023 DeFi Illicit Finance Risk Assessment: "The ability to use data from the public blockchain in addition to the development of industry driven compliance solutions for DeFi services can also help mitigate some illicit finance risks"

Source: https://home.treasury.gov/system/files/136/DeFi-Risk-Full-Review.pdf Executive Summary * This risk assessment explores how illicit actors are abusing what is commonly referred to as decentralized finance (DeFi) services as well as vulnerabilities unique to DeFi services. * The findings will inform efforts to identify and address potential gaps

FDIC Alert! $114 billion in face value Agency Mortgage Backed Securities, Collateralized Mortgage Obligations, and Commercial Mortgage Backed Securities about to be liquidated 'gradual and orderly'

with the 'aim to minimize the potential for any adverse impact on market functioning' by BlackRock. Source: https://www.fdic.gov/news/press-releases/2023/pr23029.html The Federal Deposit Insurance Corporation (FDIC) as receiver of the former Signature Bank, New York, NY, and Silicon Valley Bank, Santa Clara,

Goldman Sachs submits Letter of Acceptance, Waiver, Consent (AWC) for proposing a settlement of the alleged rule violations. From 10/2015 - 4/2018, Goldman mismarked as “long” approximately 60 million short sale orders totaling 14+ billion shares.

Source: https://www.finra.org/sites/default/files/fda_documents/2018059146501%20Goldman%20Sachs%20%26%20Co.%20LLC%20CRD%20361%20AWC%20lp.pdf OVERVIEW: * From October 2015 to April 2018, Goldman mismarked as “long” approximately 60 million short sale orders totaling more than 14 billion shares. * Nearly eight million of those