The Fixed Income Clearing Corporation proposed rule amendments that are intended to make effective the SEC's recent adoption of requirements that members of a central clearing organization for U.S. government securities clear certain repo and cash market trades in U.S. governments.
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The SEC granted ICE Clear Europe's request to withdraw from registration as a clearing agency.
The Financial Stability Oversight Council and the Financial Stability Board considered the "post-LIBOR transition landscape" and steps forward to ensure market resilience.
The comment deadline was officially set for the SEC's proposed (i) amendments to current requirements on clearing agencies' risk-based margin systems and (ii) new rule on the content of clearing agencies' recovery and wind-down plans. The July 17, 2023 comment deadline was published in the Federal Register.
SEC Chair Gary Gensler highlighted SEC efforts, in coordination with Treasury and the Federal Reserve Board, to "enhance the resiliency, efficiency, and competitiveness of the Treasury markets."