The SEC and the FDIC finalized a rule governing the orderly liquidation of "covered broker-dealers."
News & Insights
- CLEAR ALL FILTERS
- Product: Securities
- Body of Law: Banking Law
The Basel Committee on Banking Supervision updated Basel III Net Stable Funding Ratio framework interpretation FAQs.
CME Group will launch monthly and quarterly Secured Overnight Financing Rate futures on May 7, 2018.
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 FDIC reminded banks and other supervised institutions of its new rule on filing requirements and processing procedures in connection with changes in control. The new rule goes into effect on January 1, 2016. The rule consolidates and conforms the regulations of state nonmember banks, state savings associations and certain parent companies, and is intended to make existing FDIC practices more transparent. The rule adopts definitions for previously undefined terms, such as "Acting in Concert," "Convertible Securities" and "Voting Securities." Under the rule, the acquisition of convertible