alert

SEC Alert! Administrative Proceedings for Barclays PLC and Barclays Bank PLC: SEC creates fund for the $200 million fine Barclays received for selling “an unprecedented amount of securities—cumulatively totaling approximately $17.7 billion—in excess of what it had registered with the Commission.”

by Dismal-Jellyfish In addition, due to its failure to establish any internal control to track the amount of securities that were offered or sold on a real-time basis, beginning on or around January 28, 2021, BBPLC offered and sold securities …

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Federal Reserve Alert! Federal Reserve Board releases annual audited financial statement: In 2022 the Fed paid $42 billion in interest to counterparties of reverse repos.

by Dismal-Jellyfish Today the Fed released it’s audited financial statement for 2022: https://www.federalreserve.gov/newsevents/pressreleases/other20230324a.htm KPMG It’s worth noting that the Fed’s audit firm, KPMG, has been involved in numerous scandals, including the use of stolen regulatory information to cheat on audit …

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ALERT: The Navy’s massive mobile active electronically scanned array early-warning radar station just deployed from Pearl Harbor

What prompted this? Sea-Based X-Band Radar (SBX-1) a floating, self-propelled, mobile active electronically scanned array early-warning radar station leaving Pearl Harbor under tow – March 23, 2023 #sbx1 SRC: TW-@ES12071207 pic.twitter.com/jljFnuP89h — WarshipCam (@WarshipCam) March 23, 2023 Sea-Based X-Band Radar …

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Central Bank Liquidity Swap Operations Alert! The Fed provides (6) 7-day loan operations totaling $590,500,000 in Central Bank Liquidity Swaps to: Swiss National Bank (3 loans for $107 million) and the European Central Bank (3 loans for $483.5 million).

by Dismal-Jellyfish https://www.newyorkfed.org/markets/desk-operations/central-bank-liquidity-swap-operations Say hello again to Central Bank Liquidity Swaps! In April 2009, the Federal Reserve announced foreign-currency liquidity swap lines with the Bank of England, the European Central Bank, the Bank of Japan, and the Swiss National Bank. ​ The Federal …

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Office of Financial Research Alert! Digital Currency May Increase Household Welfare, Lower Volatility but Pose Risks to Banks.

by Dismal-Jellyfish Source: https://www.financialresearch.gov/the-ofr-blog/2023/03/22/digital-currency-may-increase-uousehold-welfare/ According to a recent working paper published by the Office of Financial Research, banking-sector stability may suffer, yet household welfare may improve should a digital currency be fully integrated into the financial system. In Digital Currency and Banking-Sector …

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Federal Reserve Alert! Coordinated central bank action to enhance the provision of U.S. dollar liquidity

by Dismal-Jellyfish Source: https://www.federalreserve.gov/newsevents/pressreleases/monetary20230319a.htm The Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Federal Reserve, and the Swiss National Bank are today announcing a coordinated action to enhance the provision of liquidity via …

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Federal Deposit Insurance Corporation (FDIC) Alert! Special filing with Federal Register: FDIC submits notice for CLOSED DOOR meeting that already occurred as the public interest did not require consideration of the matters in a meeting open to public observation.

by Dismal-Jellyfish Source: https://public-inspection.federalregister.gov/2023-05351.pdf Reminder, changes in the Calculation of the National Securities Clearing Corporation’s Excess Capital Premium Charge take effect TODAY. The Excess Capital Premium (ECP) charge is a component of the Clearing Fund that is designed to mitigate the …

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NSCC Alert! Reminder, changes in the Calculation of the National Securities Clearing Corporation’s Excess Capital Premium Charge take effect TODAY.

by Dismal-Jellyfish Source: https://www.dtcc.com/-/media/Files/pdf/2023/2/24/a9264.pdf Subject: Implementation Date of Changes in the Calculation of the National Securities Clearing Corporation’s Excess Capital Premium Charge On the morning of the effective date, the ECP charge will be calculated using the proposed changes, which compares …

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FDIC Alert! FDIC Chairman Martin Gruenberg begins finger pointing at the Fed in speech 3/6/23: ‘unrealized losses weaken a bank’s future ability to meet unexpected liquidity needs’ ‘especially when interest rates change to the extent they have over the past year’. 4 days later SBV fails…

by Dismal-Jellyfish Source: https://www.fdic.gov/news/speeches/2023/spmar0623.html ‘Juicy’ sections of his speech: Full speech: Introduction Good morning. I very much appreciate the invitation to speak to you today. I am especially glad to be here in person. Looking back to pre-pandemic days, there may have …

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ALERT: Bank Dominoes Falling

by: Jon Forrest Little In September 2021, Silvergate Bank, specializing in digital currency, was performing well. In fact, the bank reported record-breaking growth in deposits and loans in 2020, thanks in part to increased demand for its services from clients …

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FICC – MBS Alert! FICC has been notified of Credit Suisse Securities (USA) LLC’s intent to close its FBMA, FBEG, FBEI, FBEP, & FBFC Clearing and EPN accounts effective March 24, 2023.

by Dismal-Jellyfish https://www.dtcc.com/-/media/Files/pdf/2023/3/9/MBS1200-23.pdf ELECTRONIC POOL NOTIFICATION (EPN) Agency mortgage-backed securities trades that are submitted to Fixed Income Clearing Corporation (FICC) for processing are traded on a “to-be-announced” or TBA basis. While some of these are “specified pool trades” (transactions based …

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Chinese military put on “High Alert”

Chinese military put on ‘high alert’ The US is threatening peace and stability in the Taiwan Strait, a Chinese army spokesman saidhttps://t.co/ItFvdpNCAn pic.twitter.com/emkm15m4g9 — RT (@RT_com) February 28, 2023 “The P-8A Poseidon anti-submarine patrol and reconnaissance aircraft flew through the …

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Federal Reserve Alert! Governor Philip N. Jefferson gives speech ‘Recent Inflation and the Dual Mandate’ where he explains the differences between CPI and PCE Price Index.

by Dismal-Jellyfish Source: https://www.federalreserve.gov/newsevents/speech/jefferson20230227a.htm Governor Philip N. Jefferson Thank you, Jason, for inviting me to join your economics class and for your kind introduction. It is a pleasure to be here. I miss teaching economics classes. Before I continue, I would …

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SEC Alert! SEC today adopted rule changes to shorten the standard settlement cycle for most broker-dealer transactions in securities from two business days after the trade date (T+2) to one (T+1).

by Dismal-Jellyfish Source documents: Final Rule (314 pages) Fact Sheet https://www.sec.gov/news/press-release/2023-29 Gary Gensler Tweet on it: https://twitter.com/GaryGensler/status/1625884241656414209 We just adopted rules & rule amendments to shorten the standard settlement cycle for most securities transactions. Taken together, these amendments will make our market …

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Office of Financial Research (OFR) Alert! Risk Spotlight: OFR Identifies Three Ways DeFi Growth Could Threaten Financial Stability. IMHO, mostly FUD: Digital assets could spill into traditional finance, lead to losses for traditional finance institutions, and disrupt payments.

by Dismal-Jellyfish Source: https://www.financialresearch.gov/the-ofr-blog/2023/02/07/ofr-identifies-three-ways-defi-growth-could-threaten-financial-stability Risk Spotlight: OFR Identifies Three Ways DeFi Growth Could Threaten Financial Stability BY Kevin Zhao Published: February 7, 2023 Views and opinions expressed are those of the authors and do not necessarily represent official positions or policy of …

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DTC Settlement Alert! Money Market Instrument (MMI) Issuer Failure (AGAIN) – HSBC BANK USA NA (MMB6). Is HSBC having problems?

by Dismal-Jellyfish Source: https://www.dtcc.com/-/media/Files/pdf/2023/2/6/Issuer-Failure-MMB6.pdf From Friday: https://www.reddit.com/r/Superstonk/comments/10t1pag/dtc_settlement_money_market_instrument_mmi_issuer/ Didn’t Lehmans have a similar issue? Yes, edwinbarnesc shared that in 08 Lehman experienced a similar notice: https://www.reddit.com/r/Superstonk/comments/10uor3j/corporate_needs_you_to_identify_the_difference/

SEC Alert! SEC Proposes Updates to Ethics Rules Governing Securities Trading by Personnel

by Dismal-Jellyfish Source: https://www.sec.gov/news/press-release/2023-19 Proposed rule (opens a pdf): https://www.sec.gov/rules/proposed/2023/34-96768.pdf The Securities and Exchange Commission today proposed amendments to its ethics rules to strengthen and modernize its ethics compliance program. The amendments would add new requirements and prohibitions to the program, which …

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