Goldilocks’ Comments and Global Economic News Saturday Evening 11-4–23


Goldilocks’ Comments and Global Economic News Saturday Evening 11-4-23

Good evening,

The US Securities and Exchange Commission (SEC) has finalized a rule requiring certain parties to report their securities lending transactions to a registered national securities association (RNSA). The Financial Industry Regulatory Authority, Inc. (FINRA), currently the only RNSA, must now adopt rules implementing the infrastructure for such reporting and dissemination.

The SEC adopted the new rule, Rule 10c-1a, under the Securities Exchange Act of 1934 (the Exchange Act) on October 13, 2023. Rule 10c-1a requires the reporting of securities loans to an RNSA, which in turn has to make publicly available certain information it receives within specified timeframes.

👆Goldilocks pointed to this article!




Washington D.C., Nov. 2, 2023 —
“The Securities and Exchange Commission today adopted new Regulation SE under the Securities Exchange Act of 1934 to create a regime for the registration and regulation of security-based swap execution facilities (SBSEFs). The new regulatory framework was required under Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act relating to the over-the-counter derivatives market.”

The adoption of Regulation SE of the Security Exchange Act coordinates registration and reporting efforts between the SEC, CFTC, and the security exchange facilities.

This execution takes place 60 days after registering with the Federal Register. This new requirement will adhere to reporting requirements that will create proper records between those with security based swaps such as foreign currency and other trades.

Currently, the preparation phase of this new piece of legislation is in its final 60 day stage of implementation.

© Goldilocks   SEC News link.


Rules Relating to Security-Based Swap Execution and Registration of Security-Based Swap Execution Facilities      FederalRegister Link


RYE, NY (November 2, 2023) — USAlliance Federal Credit Union (dba USALLIANCE Financial) announced today that the credit union is now live on the Federal Reserve’s FedNow® Service. USALLIANCE becomes an early adopter of the FedNow® Service following its launch in July 2023, and will immediately offer members the ability to send and receive instant payments.


Regulatory capital, liquidity, and resolution planning for banks: recent developments and cross-border perspectives.    RiskandCompliance Link


Commissioner Pham Announces Agenda for the Upcoming Global Markets Advisory Committee (GMAC}   

At this meeting, the GMAC will receive four recommendations from its Global Market Structure Subcommittee, including swap blocks, cross-margining in Treasury markets, permitted repo counterparties, and market volatility controls. The GMAC will also receive four recommendations from its Technical Issues Subcommittee, including global CCP default simulation, eligible collateral, and trade reporting. The GMAC’s Digital Asset Markets Subcommittee will also provide an update on its work.

The GMAC meeting will also include a discussion regarding the Basel III endgame proposal and its impact on derivatives markets, and a presentation on derivatives exposures, regulatory transparency, and trade repositories.


Minor Revolution at the CFTC

The CFTC Division of Enforcement (“Enforcement”) recently issued an advisory on new enforcement policies that increase the agency’s focus on corporate accountability through increasing civil penalties, requiring admissions in negotiated resolutions, and imposing monitors and consultants.


Breaking With Precedent – New Guidance on Future CFTC Enforcement Resolutions

Our key takeaways are:

We expect Enforcement to recommend significantly higher penalties than have been imposed in similar actions previously, particularly in matters involving similar conduct across multiple market participants or matters involving perceived recidivism.

Enforcement will likely recommend monitors and consultants more often, especially for perceived recidivists.  We anticipate demands for admissions will become more common when negotiating settlements with the CFTC.


There is a nasty rumor going around that Isaac has been put in jail and lost his banking license.

This is so untrue and unfortunate that people would start a rumor such as this going around.

Many people don’t like the fact that he has to go in before we do because it keeps them from putting out false narratives that overlook this hurdle.

Isaac was actively talking to a friend of mine this morning and stated that this is far from anything close to being true.

Folks, if you only knew who he was and what he represents, you would laugh at such comments and not take them as true.

Again, we will not go through until Isaac goes through no matter what anyone tries to tell you to circumvent the truth.

© Goldilocks


Isaac just posted. I guess he is NOT in jail. 😂

“Hello 👋 hope all good nothing happened yet , I will post as soon as i have news, blessings and have a great weekend.”   © Isaac      Isaac’s Telegram Room


Follow Goldilocks’  Roadmap

Follow Goldilocks’  Timeline

Goldilocks’  Telegram Room

Q & A  Telegram Room

Goldilocks on the Seeds of Wisdom Team™  Website