Fed Proposed Rule on Systemically Important Financial Market Utilities

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On February 26, the Fed issued a proposed rule that would amend Regulation HH to set out the conditions and requirements for a Federal Reserve Bank to open and maintain accounts for and provide financial services to financial market utilities designated as systemically important by the FSOC. Comments must be submitted within 60 days of publication in the Federal Register. Fed Release. Proposed Rule.

Topics:  Federal Reserve, Financial Market Utilities

Published In: Finance & Banking Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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