It's been awhile since we drained out a Cabinet playlist. But with the change of seasons, it's time to revisit old terror-tory. Enjoy!
News & Insights
22403 News Results
The Comptroller of the Currency, the Federal Reserve Board and the Federal Deposit Insurance Corporation proposed an alternative approach for calculating derivative exposures under regulatory capital rules.
The Financial Conduct Authority Cryptoasset Taskforce advised UK authorities to take "strong action" to mitigate the potential tricks associated with cryptoassets, but expressed a positive view overall of the benefits offered by these new technologies. The report is a very positive step from the UK regulators, and a good regulatory start in analyzing and encouraging the right type of DLT activity.
The Federal Reserve Board ("FRB") published in the Federal Register a final rule amending Regulation D ("Reserve Requirements of Depository Institutions"). The amendments reflect the annual indexing of the reserve requirement exemption amount and the low reserve tranche for 2019. The Regulation D amendments set the amount of total reservable liabilities of each depository institution subject to a zero percent reserve requirement in 2019 at $16.3 million, which is a $0.3 million increase from its level in 2018 (the reserve requirement exemption amount). The Regulation D amendments also set the
A swap dealer agreed to pay $900,000 to settle National Futures Association ("NFA") charges relating to initial margin for uncleared swaps. The NFA alleged that the firm used insufficient methods to evaluate the risks of its uncleared swaps and failed to appropriately back test, benchmark and verify its margin model. The NFA alleged that the swap dealer (i) neglected to take the necessary steps to meet the initial margin and variation margin collection requirements, (ii) failed to adequately supervise its business activities with respect to margin and model monitoring, and (iii) submitted