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  • 23:03
    The Federal Reserve Announces Reform Plan for Stress Testing of Large U.S. Banks, Plans to Delay Effective Date of Capital Buffer Requirements
    The Federal Reserve is refining its reform plan for stress testing of large banks and has submitted a proposal to solicit public comments. The proposal will calculate an average result over two years. The Federal Reserve states it intends to postpone the effective date of the annual stress capital buffer requirement from October 1st to January 1st of the following year, giving banks more time to adapt to the new capital requirements. The proposal will also "make targeted changes to simplify the data collection process related to Board stress tests." The Federal Reserve states that these planned reforms are not aimed at having a material impact on capital requirements.
  • 23:02
    Hidden Road Obtains Approval from FINRA to Operate as a Broker-Dealer
    Hidden Road announced on Thursday that it has received approval from the U.S. Financial Industry Regulatory Authority (FINRA) to operate as a broker-dealer, thereby enhancing its fixed income prime brokerage platform. The company plans to offer a broader range of services to institutional clients, including clearing, financing, and prime brokerage services for fixed income assets. In earlier news, Ripple is set to acquire Hidden Road for $1.25 billion, with the transaction expected to be completed in the coming months, pending regulatory approval.
  • 23:02
    The probability of the Fed keeping rates unchanged in May is 86.3%
    According to CME "FedWatch": The probability of the Fed keeping rates unchanged in May is 86.3%, while the probability of a 25 basis point rate cut is 13.7%. By June, the probability of the Fed keeping rates unchanged is 38.2%, with a cumulative probability of a 25 basis point rate cut at 54.1% and a cumulative probability of a 50 basis point rate cut at 7.6%.
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