SIFMA and others say the SEC has unlawfully imposed "massive costs" on broker-dealers and investors by adopting a revised CAT funding model.
A new chapter has been added to the Code of Practice setting out the measures banks should have in resolution plans.
New FAQs are provided to support implementation of the new OTC derivatives reporting regime, which comes into force in October.
Among other things, the changes will simplify the exchange-traded derivatives exclusion and the scope of foreign entity reporting, as well as remove "alternative reporting".
Unlike conventional tabletop exercises that involve pre-agreed scenarios, the exercise will involve surprise hacking attempts against banks by 'white hat' hackers.
The exchanges will reconvene in July to finalise the ecosystem’s implementation details, governance framework and operating structure.
The consultative report describes eight examples of effective practices for CCPs and their clearing members regarding variation margin processes and transparency.
Banks and financial holding companies will have to submit "responsibilities map" covering internal control functions by January 2025.
Post-trade transparency in the Treasury markets will for the first time be on a trade-by-trade basis, rather than aggregated.
The Brokers’ Industry Standards Forum will submit a letter to SEBI recommending that the extended trading hours be implemented.
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