On May 24, 2023, representatives from J.P. Morgan, Wells Fargo, Sia Partners and Fried Frank hosted a complimentary virtual seminar on the SEC's proposed rule changes that would require the majority of participants in the U.S. Treasury and Repo Markets to centrally clear secondary market transactions. The webinar is now available to view on demand.
News & Insights
The SEC proposed (i) amendments to current requirements on clearing agencies’ risk-based margin systems and (ii) a new rule on the content of clearing agencies' recovery and wind-down plans. On May 24, representatives from J.P. Morgan, Wells Fargo, Sia Partners and Fried Frank will address the implications of this rulemaking and the SEC's separate proposal on mandatory central clearing.
Sia Partners, a global management consultancy, conducted an independent study identifying key market concerns over an SEC proposal that would require U.S. Treasury security transactions and repos to be centrally cleared.
A broker-dealer settled FINRA charges for overstating its net capital, which caused several additional reporting and recordkeeping violations.
Comments on a Treasury Department Office of Financial Research proposal to require certain institutions to submit daily reports on outstanding non-centrally cleared bilateral repurchase agreement transactions are due by March 10, 2023.