21 Apr 2025
📊ICC's Governance Playbook Revision to Enhance Risk Management
Self-Regulatory Organizations; ICE Clear Credit LLC; Notice of Filing of Proposed Rule Change Relating to ICC's Governance Playbook
Summary
ICE Clear Credit has filed a proposed rule change revising its Governance Playbook to establish a new Board Risk Committee. This initiative is intended to improve oversight of risk management within ICC, ensuring better compliance and operational efficiency in the clearing of securities transactions and derivatives. The changes will enhance transparency and governance in risk oversight.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The proposed rule change involves establishing a Board Risk Committee to enhance ICC's governance structure regarding risk management, which directly affects compliance and regulatory requirements for businesses involved in securities transactions. Changes aim to improve risk oversight and overall operational efficiency.