The Federal Reserve Board solicited feedback on whether to amend regulations on reserve requirements to lower the rate of interest paid on excessive balances maintained at FRB banks by eligible institutions.
The Office of the Comptroller of the Currency and the FDIC issued a final rule that will shorten the standard settlement cycle for securities transactions from T+3 to T+2.
The Office of the Comptroller of the Currency issued a Bulletin to remind industry members that the comment period for the proposed rule change to shorten the standard settlement cycle (from T+3 to T+2) for securities sold and purchased by banks ends on October 11, 2017.
The FDIC reminded financial institutions of a proposed rulemaking that would shorten the standard settlement cycle from T+3 to T+2 for securities sold and purchased by banks.
The Office of the Comptroller of the Currency and the FDIC filed a proposed rule change that would shorten the standard settlement cycle for securities sold and purchased by banks.
The FDIC outlined important steps for banks to take to prepare for the forthcoming change to the standard settlement cycle. The new cycle is slated to become effective on September 5, 2017.
The Office of the Comptroller of the Currency provided banks with guidance on the forthcoming transition to a T+2 standard settlement cycle for securities transactions.
At a conference held in New York, senior regulators discussed developments in data reporting, clearing and settlement, and the ongoing evolution of Treasury Market structure and liquidity.