FICC Refines Cash Reserves: Boring But Necessary Finance Fix
Published Date: 5/9/2025
Notice
Summary
The Fixed Income Clearing Corporation (FICC) is updating its rules about how much money it needs to keep on hand and how it refills that money if used. These changes make the rules clearer and add backup plans if key people aren’t available to approve actions. This affects FICC and its partners and takes effect right away, helping keep the financial system safe and smooth.
No Economic Impacts Identified for this Document
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