Remove 2023 11
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DTCC Proposes Path to T+1 Settlement Cycle in Two Years

Burr Forman

The clearing and settlement process was front and center at the House Financial Services Committee’s February 18, 2021 hearing over the GameStop (NYSE: “GME”) short-squeeze and Robinhood’s pause in GME trading. Studies have shown an integrated settlement model could provide an 11% reduction in the volatility component of NSCC margin.

Trade 52
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DTCC Proposes Path to T+1 Settlement Cycle in Two Years

Burr Forman

The clearing and settlement process was front and center at the House Financial Services Committee’s February 18, 2021 hearing over the GameStop (NYSE: “GME”) short-squeeze and Robinhood’s pause in GME trading. Studies have shown an integrated settlement model could provide an 11% reduction in the volatility component of NSCC margin.

Trade 40
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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

On July 27, the Senate passed its version of the National Defense Authorization Act (NDAA) bill, which includes a provision that tightens oversight over financial institutions engaged in crypto trading and takes aim at crypto mixers and “anonymity-enhancing” crypto assets. For more information, click here. Bonta, along with the U.S.

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

The OCC is maintaining the 2023 rates in the general assessment, independent trust, and independent credit card fee schedules, and is not adjusting assessment rates for inflation. On November 29, the Federal Deposit Insurance Corporation (FDIC) reported that FDIC-insured institutions reported net income of $68.4

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

Speaking at the Consensus 2023 conference, Senator Lummis stated that the next installment of her bill — the Responsible Financial Innovation Act — will be presented to the Senate within eight weeks. The fund, which announced its blockchain integration during Consensus 2023 , invests at least 95.5% In April 2023, the U.S.