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ARTICLE · 02 JANUARY 2018

Financial Regulatory Developments Focus - 21 Dec 2017

A&O Shearman
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On December 7, 2017, the Federal Reserve Board announced a suite of proposals intended to increase the transparency of its stress testing program.

United StatesFinance and Banking
A&O Shearman
A&O Shearman
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In this week's newsletter, we provide a snapshot of the principal US, European and global financial regulatory developments of interest to banks, investment firms, broker-dealers, market infrastructure providers, asset managers and corporates.

Bank Prudential Regulation & Regulatory Capital

Federal Reserve Board Announces Three New Reference Rates for Overnight Repo Transactions

On December 8, 2017, the Board of Governors of the Federal Reserve System announced final plans for the production of three new reference rates regarding overnight repurchase transactions of Treasury Securities. The rates will be produced by the Federal Reserve Bank of New York, in consultation with the US Office of Financial Research. The three rates—Tri-Party General Collateral Rate, Broad General Collateral Rate and Secured Overnight Financing Rate (SOFR)—are based on transaction-level data from segments of the repurchase market, and were the subject of an August 30, 2017 Federal

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