Search Results for keywords:"risk management"

The Securities and Exchange Commission is reviewing a proposed rule change by the Options Clearing Corporation (OCC) to enhance its methods for assessing the risks of short-dated options. The OCC plans to adjust how it aligns day-count conventions between option price smoothing and implied volatility scenarios and extend the term structure to better account for options with less than one month to expiration. These changes aim to improve the accuracy of margin and stress testing components, ensuring that the financial risks are well-managed. The rule also outlines the potential impacts on margin requirements and clearing funds, with slight increases expected for accounts with a high concentration of short-dated options.

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 Agriculture is seeking feedback on a new information collection requirement under the Paperwork Reduction Act of 1995. They are asking the public to comment on whether the collection is necessary, how accurate the burden estimate is, and ways to improve the collection process. The focus of the collection is on policies related to crop insurance managed by the Federal Crop Insurance Corporation (FCIC). The agency wants to ensure that the insurance programs are fair and beneficial to both farmers and taxpayers. Public comments on this matter are invited until February 26, 2021.

Cboe Exchange, Inc. has proposed a change to its rules to allow certain index options, known as expiring non-Volatility A.M.-settled index options, to be traded up until their settlement value is determined on the expiration date. Currently, these options stop trading the day before the expiration day, which increases overnight risk for investors. The change would allow more trading opportunities to manage risk efficiently, especially during night trading sessions. The proposed rule aligns the trading hours of Cboe's options with similar products from other exchanges, aiming to enhance trading flexibility and risk management for investors.

The Securities and Exchange Commission (SEC) has issued a statement and is seeking public comments on the safekeeping of digital asset securities by broker-dealers. They highlight the need for innovation in applying existing protection rules to digital assets, which have unique risks like fraud and theft. The SEC proposes a five-year period during which broker-dealers who follow specific guidelines won't face enforcement action if they can show they've taken reasonable steps to control and secure digital asset securities. This initiative aims to balance investor safety with the advancement of the digital asset market.

The Environmental Protection Agency (EPA) has released its final risk evaluation for 1,4-dioxane under the Toxic Substances Control Act (TSCA). This evaluation is used to determine if the chemical poses an unreasonable risk to health or the environment, considering its various uses. The EPA found that some uses of 1,4-dioxane do pose such a risk, necessitating regulatory action to manage these risks, while other uses do not. The evaluation and related documents are available for public access.

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 (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 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.