Federal Reserve Board Vice Chair Philip N. Jefferson outlined current policy questions on central clearing in the Treasury market.
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The Federal Reserve Board proposed amendments to the risk management standards governing operations related to the payment, clearing and settlement activities of certain designated financial market utilities.
Senior officials from the Bank of England, the FDIC, the CFTC, the SEC and the Federal Reserve Board reviewed joint progress on central counterparty resolution issues and on the development of detailed operational planning to support prototype resolution strategies for UK and U.S. CCPs.
Federal Reserve Board Governor Lael Brainard called attention to the fragilities in the financial system that were made evident by the COVID-19 pandemic.
A Federal Reserve Board final rule that expands the number of financial institutions that fall under the "netting" provisions of the Federal Deposit Insurance Corporation Improvement Act of 1991 was published in the Federal Register.