Global Association of Risk Professionals (GARP)’s Post

Since T+1 implementation in the US, affirmation rates have risen to 94.55%, according to The Depository Trust & Clearing Corporation (DTCC). #Trading #Markets #CapitalMarkets #Clearing #Settlement #Affirmation #T1 #GlobalTrading Brian Steele Timothy Cuddihy https://lnkd.in/e2Tie9bT

CFTC Orders Three Financial Institutions to Pay Over $50 Million for Swap Reporting Failures: (HedgeCo.Net) The Commodity Futures Trading Commission has issued orders simultaneously filing and settling charges with affiliates of three financial institutions for a variety of swap dealer activities including failures related to swap data reporting and, in one case, failures related […] #hedgefund #portfoliomanagement #capital

New tool from The Depository Trust & Clearing Corporation (DTCC)'s FICC coincides with new SEC requirements for expanded US Treasury clearing, simulating estimated CCLF obligations linked to FICC Government Securities Division membership. #posttrade #clearing #dtcc #ficc #launch #contingencyliquidity #calculator #tool #ustreasury #markets #trading

How ready are we for T+1? Market readiness is high around the key affirmation and settlement deadlines for T+1 in the US / Canada next year - but timings around securities lending are still a big concern. Download the latest T+1 pulse survey findings, led by The Depository Trust & Clearing Corporation (DTCC) and TMX Group, supported by AFME (Association for Financial Markets in Europe), ASIFMA, EFAMA and ISITC - for the latest view on how, where and when are are preparing for the move to T+1 in May 2024. Download the key findings at https://lnkd.in/dmK3ywWG

Securities lending in a T+1 world is still work in progress. Make sure you join tomorrow's T+1 Industry issues forum with Global Custodian to make sure that all of your securities lending questions are answered! Log your questions and register for the webinar at https://lnkd.in/gg9fgSic

The Canadian Securities Administrators (CSA) - Autorités canadiennes en valeurs mobilières (ACVM) has cleared the path for T+1 settlement cycles to take place, which will enable trades of securities assets to be settled within one day. Set to be introduced today (28 May) as a part of amendments under Canada’s National Instrument 24-101, T+1 enables faster settlements of trades, such as bonds, stocks and other various assets to be settled in one business day from the date of acquisition. The move by Canadian regulators also aligns with the US Securities and Exchange Commission’s (SEC) move to T+1 which was announced last March. https://lnkd.in/eWU_xZBt

Reduced risk, increased efficiencies and faster transactions are expected outcomes of the upcoming T+1 securities cycle, in which trades must be settled after one business day. Jeff Kerr breaks down what this required regulatory change means and how we are helping clients prepare. https://bit.ly/4aj5y0b

🤔 One potential problem with current #Treasury-market clearing methods is that a counterparty may be unwilling to become a member of the Fixed Income Clearing Corp. (#FICC) and instead clear through a sponsored member, Patrick Parkinson, senior fellow at the Bank Policy Institute, tells Aerial View. Possible issues with that practice, he says, are that the counterparty is not passing on the margins that FICC requires also that they are only clearing trades where they are a counterparty instead of allowing clients to trade with a larger number of counterparties. #sec #investing #aerialview #aerialviewbites #bnymellon #cutthroughthecorporate

U.S. Repo Transaction Reporting Rule - A Game Changer for the Financial Industry! As of July 5th, 2024, the Office of Financial Research (OFR) mandates daily reporting for firms with substantial Non-Centrally Cleared Bilateral Repo (NCCBR) dealings. With NCCBR constituting a whopping 60% of the $2+ trillion repo exposure, this move by OFR enhances transparency and heightens oversight. - Daily reporting is a must for firms juggling average Repo commitments ≥ $10 billion. - Approximately 40 broker-dealers and government securities dealers are on the compliance radar. - The collected data will be accessible to the oversight council and its affiliate regulators. This strategic push by OFR is rooted in lessons from the past, aiming to fortify financial stability by shedding light on less liquid and higher-risk collateral types within the repo market. Curious about how this ruling might impact you or your firm? Keen on a deep dive into the consequences for global markets? Please get in touch. #secfinsolutions  #RepoMarket #RegulatoryChange

U.S. Repo Transaction Reporting Rule - A Game Changer for the Financial Industry! As of July 5th, 2024, the Office of Financial Research (OFR) mandates daily reporting for firms with substantial Non-Centrally Cleared Bilateral Repo (NCCBR) dealings. With NCCBR constituting a whopping 60% of the $2+ trillion repo exposure, this move by OFR enhances transparency and heightens oversight. - Daily reporting is a must for firms juggling average Repo commitments ≥ $10 billion. - Approximately 40 broker-dealers and government securities dealers are on the compliance radar. - The collected data will be accessible to the oversight council and its affiliate regulators. This strategic push by OFR is rooted in lessons from the past, aiming to fortify financial stability by shedding light on less liquid and higher-risk collateral types within the repo market. Curious about how this ruling might impact you or your firm? Keen on a deep dive into the consequences for global markets? Please get in touch. #secfinsolutions  #RepoMarket #RegulatoryChange