Week InReview:  October 17, 2014

IN THE INDUSTRY 

Non-Bank SIFI Guidelines: (Oct. 16) Global clearinghouses and insurers face tougher oversight as regulators step up efforts to shield the financial system from future crises. White initially targeting banks, the Financial Stability Board is increasingly focusing on other companies that are seen posing systemic risk. Read more.

DTCC & Central Clearing Approval: (Oct. 15) The Depository Trust and Clearing Corp. plans to seek regulatory approval to provide central clearing for government-related securities to contain risks in the $1.6 trillion-a-day tri-party repurchase agreement market. Read more. 

Swap Contract Changes: (Oct. 14) The $700 trillion financial derivatives industry has agreed to a fundamental rule change from January to help regulators wind down failed banks without destabilizing markets. Read more. 

AT THE AGENCIES  

On the Move: (Oct. 15) Ananda Radhakrishnan, director of the CFTC's division of clearing and risk - the division responsible for regulations including Dodd-Frank law provisions on derivatives clearing organizations and straight-through-processing futures swaps - will leave the agency in November. Read more. 

Dark Pool Enforcement: (Oct.14) The SEC plans to bring more enforcement cases against dark pools and private trading venues. Their plans include shining more light on brokers' stock-routing decisions. They feel institutional investors lack a uniform report to compare the quality of order execution across brokers. Read more. 

This is not an all-inclusive list of congressional, agency and market participant actions related to these issues. It is a snap-shot of what we believe is of most interest to institutional investors. Some links are to subscriber-only sites. 

Be sure to check our website for this InReview, upcoming events, and all our INVESTORS updates.  www.association.institutionalINVESTORS.org