5 Jun 2025
📈ICC Approval of New Governance Playbook Enhances Risk Management
Self-Regulatory Organizations; ICE Clear Credit LLC; Order Approving Proposed Rule Change Relating to ICC's Governance Playbook
Summary
The SEC approved a proposed rule change by ICE Clear Credit LLC to revise its Governance Playbook. This includes establishing a Board Risk Committee responsible for overseeing risk management and implementing new fitness standards for board members, thus enhancing governance and compliance within the organization.
Agencies
- Securities and Exchange Commission
Business Impact
$$$ - High
The proposed rule change by ICC to establish a Board Risk Committee and fitness standards for managers directly impacts governance and risk management practices within financial markets, influencing operational efficiency and regulatory compliance for businesses involved in clearing transactions.