Search Results for keywords:"risk management"

The Securities and Exchange Commission (SEC) has announced a proposed rule change submitted by The Options Clearing Corporation (OCC) to manage risks from intraday and overnight trading activity. This amendment, known as Amendment No. 3, introduces a new Intraday Risk Charge aimed at mitigating risks associated with rapidly fluctuating intraday trading volumes, particularly "zero-days-to-expiration" options. The rule aims to ensure that OCC's current risk management practices cover such trading activities and includes monitoring thresholds for issuing margin calls. The changes are designed to align with recent SEC rules and industry feedback, with implementation planned for September 2025. The SEC is seeking public comments on these proposed changes.

The Securities and Exchange Commission (SEC) approved a rule change proposed by ICE Clear Credit LLC (ICC) to revise its Operational Risk Management Framework (ORMF). This change enhances how ICC manages risks from partnerships with core service providers, including requiring evaluations of these relationships by senior management and ICC's Board. The updates align ICC with regulatory requirements, helping ensure clear responsibilities and improving the governance and risk management of operations associated with clearing securities transactions. The approval was granted on an accelerated basis to meet the compliance date of December 5, 2024.

The Department of the Navy has introduced a new system of records called the Command Individual Risk and Resiliency System (CIRRAS) for the United States Marine Corps (USMC). This system will assist Commanding Officers and Senior Enlisted Advisors in making better decisions about force preservation and risk management for Marines and Service Members. CIRRAS will record and analyze various personal and service-related data to quickly identify individuals needing immediate attention, supporting unit readiness, and helping commanders implement strategies to mitigate risks. Public feedback on the system's usage practices will be accepted until March 24, 2021.

The Securities and Exchange Commission approved a rule change proposed by the Options Clearing Corporation (OCC) to enhance its risk management systems. This decision aims to better capture risks associated with short-dated options, which have become more prevalent in financial markets. The changes involve aligning model assumptions and developing tailored volatility estimates for options with a short expiration period. Such improvements are intended to help OCC manage financial risks more effectively and ensure the protection of securities and funds in its care.

The Securities and Exchange Commission has approved rule changes proposed by ICE Clear Credit LLC, a clearing agency for Credit Default Swap (CDS) contracts, to update its End-of-Day Price Discovery Policies and Procedures. The changes aim to improve ICC's price discovery process by clarifying the definitions of terms like Most-Actively-Traded-Instrument and bid-offer widths, refining methodologies for accurate end-of-day pricing, and increasing transparency by publishing prices for all eligible instruments. These revisions are consistent with regulatory requirements, intended to ensure accurate pricing and risk management, and to provide reliable data for participants and the market.

The Food and Drug Administration (FDA) is conducting a survey to gather information from facilities that manufacture, process, or pack drug products. This survey aims to understand how these facilities manage risks related to the quality of drug components, containers, and supply chains. The data collected will help the FDA analyze potential updates to manufacturing regulations for drugs. The public is invited to submit comments on this information collection by February 16, 2021.

The Commodity Futures Trading Commission (CFTC) is inviting the public to comment on renewing its information collection related to regulations governing swap dealers and major swap participants. This collection ensures that these participants maintain effective risk management systems, monitor trading limits, and disclose necessary information to regulators. Comments can be submitted until April 7, 2025, and the process aims to enhance the quality of information collected and reduce the burden on respondents. The collected data is crucial for the proper execution of the CFTC's functions and oversight.

The Department of Housing and Urban Development (HUD) has extended the compliance date for its final rule on the Section 184 Indian Housing Loan Guarantee Program from March 1, 2025, to December 31, 2025. This extension is needed to give HUD more time to create a detailed handbook and new forms, as well as to allow all participants, including Tribes and lenders, to update their systems and procedures to meet the new requirements. The final rule originally aimed to update program regulations to manage risks and increase participation, while also clarifying rules for eligibility and operations in the program.

The Environmental Protection Agency (EPA) has issued significant new use rules (SNURs) for certain chemicals under the Toxic Substances Control Act (TSCA). These rules require companies to notify the EPA 90 days before manufacturing or processing these chemicals for any newly designated significant uses. The purpose is to allow the EPA to assess potential risks and take necessary actions before these activities start. Businesses that want to use these chemicals in a significant new way must submit a Significant New Use Notice (SNUN) and wait for EPA review and approval.

The Securities and Exchange Commission has approved a proposed rule change from the Options Clearing Corporation (OCC) to enhance its stress testing scenarios. The OCC aims to elevate four existing Informational Scenarios to Sufficiency Scenarios, which will more rigorously test whether it has enough financial resources to cover potential losses during extreme market conditions. This change comes in response to market events observed in March 2020, including extreme price changes, and aims to ensure OCC can manage risks and maintain a stable financial environment in the options market. The Commission granted accelerated approval for these changes to ensure timely implementation and enhanced risk management capabilities.