ABA and the Securities Industry and Financial Markets Association on Friday wrote to the Federal Reserve and the Office of Management and Budget offering support for the renewal of and proposed changes to reporting requirements for form FR 2004, which is used to collect information from government securities dealers.
The FDIC recently proposed several changes to its rules regarding bank securities. Among other things, the FDIC proposed to rescind a transferred Office of Thrift Supervision securities offering regulation that applies only to state savings associations and a 1996 statement of policy on the use of offering circulars, which only applies to state nonmember banks.
The American National Standards Institute has renewed its accreditation of the CUSIP identifier as the U.S. standard for unique securities identifiers, CUSIP Global Services announced today.
In response to a request from the Municipal Securities Rulemaking Board seeking industry input on its strategic goals, the American Bankers Association yesterday submitted a letter providing several recommendations.
The Securities and Exchange Commission and the Commodity Futures Trading Commission approved a joint final rule today to harmonize their margin levels for security futures “whether they are held in a futures account, a securities portfolio margin account, or a securities account that is not approved for portfolio margining.”
The Securities Exchange Commission today issued a proposal to enhance the operational transparency, system integrity and regulatory oversight for alternative trading systems that trade government securities as well as repurchase and reverse repurchase agreements on government securities.
The federal banking agencies today approved an interagency final rule amending the Volcker Rule’s treatment of covered funds and transactions with affiliates.
With many borrowers now taking advantage of nationwide forbearance programs as they struggle to make their monthly mortgage payments, Ginnie Mae announced today that it will take action to ensure liquidity in the mortgage-backed securities market during the coronavirus pandemic.
To help ensure liquidity in the secondary mortgage market, the Federal Housing Finance Agency today directed Fannie Mae and Freddie Mac to engage in additional dollar roll transactions, which would provide investors in mortgage-backed securities with short-term financing of their positions.
In its most sweeping move yet to prop up the U.S. economy amid the coronavirus pandemic and public health response, the Federal Reserve this morning unveiled several new facilities to support the flow of up to $300 billion in financing to households and businesses and committed to quantitative easing “in amounts needed” to support market functioning.