19 Mar 2025
📈FICC Proposes Amendments to Risk Management Framework
Self-Regulatory Organizations; Fixed Income Clearing Corporation (“FICC”); Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend the Clearing Agency Risk Management Framework
Summary
The SEC published a notice regarding FICC's proposed rule change to amend its Risk Management Framework. The changes aim to clarify the quarterly escalation process, annual reviews, and eliminate references to the Systemic Risk Council. Stakeholders are invited to submit comments regarding the proposed changes.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change by FICC amends the Risk Management Framework, impacting compliance requirements for businesses reliant on fixed income securities. As businesses utilize clearing agencies like FICC for transactions, the updates to the risk management strategies will require adjustment in compliance and operational protocols.