Diversity and Inclusion/SEC Fixed Income Proposal/January 6th

Chairwoman Waters Announces Financial Services Subcommittee Leadership
“I am pleased to announce the very experienced, dedicated, diverse, and talented leadership of our six Subcommittees,” said Chairwoman Waters. “During the 117th Congress, the Financial Services Committee will continue to work tirelessly to fight the pandemic and make sure the financial system works for everyone.”

What a 50/50 Senate Means For Biden and the U.S.
The even Senate split, rare in American history, gives the Biden administration little margin for error and is subject to a power-sharing agreement between the Democratic and Republican leaders.

CFTC and ESMA Sign Enhanced MOU Related to Certain Recognized Central Counterparties
The CFTC and ESMA today announced the signing of a new Memorandum of Understanding (MOU) regarding cooperation and the exchange of information with respect to certain registered derivatives clearing organizations established in the United States that are central counterparties (CCPs) recognized by ESMA under the European Market Infrastructure Regulation (EMIR).

SEC Concept Release on Certain Fixed Income Trading Platforms
On September 28, the SEC proposed rules to extend Regulations ATS and SCI to Treasuries and other Government Securities Markets and a concept release on electronic FI trading platforms for corporate and muni’s. The filing was published in the Federal Register on December 31, which starts the clock for a 60-day comment period. 

Read the full newsletter here