SEC Standards for Risk Management and Operations of Clearing Agencies

more+
less-

On October 22, the SEC adopted rule 17Ad-22 to establish standards for how registered clearing agencies should manage their risks and run their operations. Among other things, the rule sets standards for measurement and management of credit exposures, margin requirements, financial resources, and margin model valuation. The rule will be effective 60 days after publication in the Federal Register. SEC Release. Final Rule.


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.

© Orrick - Structured Finance Group | Attorney Advertising

Written by:

more+
less-

Orrick - Structured Finance Group on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:

Sign up to create your digest using LinkedIn*

*With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name. Or, sign up using your email address.
×
Loading...
×
×