FICC Overhauls Default Rules Under SEC Scrutiny
Published Date: 7/31/2025
Notice
Summary
The Fixed Income Clearing Corporation wants to update its rules to better handle defaults and let indirect participants switch intermediaries more smoothly. This affects financial firms using the Government Securities Division and could impact how risks and responsibilities are managed. The SEC is taking extra time to review these changes, making sure everything’s solid before giving the green light.
No Economic Impacts Identified for this Document
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