Regulatory Alerts2023-05-30 | 2023-10889Added
Covered Clearing Agency Resilience and Recovery and Wind-Down Plans
The Securities and Exchange Commission proposes amendments to the Covered Clearing Agency Standards to strengthen intraday margin requirements and mandate the use of substantive inputs for risk-based margin systems. The Commission also introduces a new rule establishing specific content requirements for the recovery and orderly wind-down plans of covered clearing agencies. These changes aim to enhance financial resilience by ensuring plans include essential elements for maintaining critical operations during stress scenarios.
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