Search Results for keywords:"Systemic Risk Council"

The Securities and Exchange Commission announced that The Depository Trust Company (DTC) filed a proposed rule change on March 10, 2025. This change aims to update and clarify the Clearing Agency Risk Management Framework by modifying review procedures and removing references to the Systemic Risk Council. The Commission invites public comments on this proposed rule change until April 9, 2025. Further details about the proposal can be found on the DTC and SEC websites.

The Securities and Exchange Commission (SEC) announced that the National Securities Clearing Corporation (NSCC) filed a proposed rule change to its Clearing Agency Risk Management Framework. This proposal aims to update and clarify various processes, such as the quarterly review escalation process and the annual review process regarding "done-away" clearing activity. It also involves removing references to the Systemic Risk Council and making other minor clarifications. The SEC invites the public to comment on this proposed rule change by April 9, 2025.

The Fixed Income Clearing Corporation (FICC) has proposed changes to its Risk Management Framework, affecting it and its affiliates, like The Depository Trust Company and National Securities Clearing Corporation. These changes aim to clarify and update procedures related to quarterly and annual reviews and remove references to the Systemic Risk Council. The Securities and Exchange Commission is seeking public comments on these proposed amendments, which can be submitted electronically or in writing by April 9, 2025. All comments will be publicly available on the SEC's website, although obscene or copyrighted material may be redacted or withheld.