SEC exempts certain inter-affiliate and non-U.S. repos from clearing
The Securities and Exchange Commission issued exemptive relief from Treasury clearing requirements for certain inter-affiliate and non-U.S. repo transactions.
Topic
Banking
FDIC proposes to rescind rule for banks with 2 million accounts
The FDIC Board of Directors approved a proposal to rescind a recordkeeping rule for insured depository institutions with 2 million or more deposit accounts.
Federal Reserve approves Bank of Nova Scotia application
The Federal Reserve Board approved an application by The Bank of Nova Scotia, of Toronto, Canada.