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 Federal Reserve Board, CFPB, FDIC, National Credit Union Administration and OCC proposed risk management guidance for financial institutions on incorporating "reconsiderations of value" for residential real estate transactions.
Enforcement and supervisory policy guidance on a new CFPB rule on the collection of small business lending data was published in the Federal Register. The effective date is August 29, 2023.
FDIC Chair Martin J. Gruenberg highlighted agency initiatives to promote inclusion within the U.S. banking system.
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.