The companies, products and regulatory developments shaping the broker industry.
The November order permits conditional recognition of net omnibus Treasury margin in broker reserve calculations. The amount must equal the least of collected margin, required margin and eligible collateral delivered.
The SEC’s examination division has identified risk areas across more than 34,000 registrants, distinguishing supervisory inspection priorities from changes in the law.
A DTCC membership notice names BNP Paribas Securities Corp. for an agent-clearing omnibus prime-brokerage account, highlighting a specific Treasury-market access route rather than an announced client-volume figure.
New members must supply expected clearing activity so the Treasury clearing house can estimate their contingent cash-funding obligations during its ramp-up.
The Treasury cash and repo clearing service is targeting 7 December, with launch still subject to remaining regulatory approvals.