BROWSE BY TOPIC
Stories of Interest
- North Korean caught secretly mining bitcoin rival
- IPO Timelines Cut by 80% After SEC's Private Filing Decision
- How the Carried Interest Break Survived the Tax Bill
- FINRA: The Neutral Corner
- Coinbasex Says Buying and Selling Temporarily Disabled Amid Price Rout
- Bitcoin plunges by more than a third in a single day
- Goldman Is Setting Up a Cryptocurrency Trading Desk
- Jefferies Lets Employees Choose When to Receive Their Bonuses
- UBS Told to Pay $903K After Losing Retaliation Verdict
- BEWARE: Long Island Iced Tea Shares Soar After Changing Name to Long Blockchain
- Gary Cohn’s Last Laugh: Cashing Out on Trump’s Tax Plan
- E*Trade Lets Customers Trade in CBOE Bitcoin Futures
- Swiss Find Serious Shortcomings at JPMorgan in 1MDB Case
- Washington-based Investment Adviser and His Business Partner Charged in Multi-Million Dollar Scheme
- FINRA Board of Governors Meeting
- Cryptocurrency Market Now Doing Same Daily Volume as the NYSE
- Jailed Barclays Trader Must Pay $400,000 From Libor Profits
- Trump Asks ‘How’s Your 401(k)?’ But Most Voters Don’t Have One
- A Bitcoin Hedge Fund’s Return: 25,004% (That Wasn’t a Typo)
- Madoff Victims Near Full Recovery of Principal With Payout
We seek to provide information, insights and direction that may enable the Financial Community to effectively and efficiently operate in a regulatory risk-free environment by curating content from all over the web.
Stay Informed with the latest fanancialish news.
NEWSLETTERS & ALERTS
Wall Street News
Treasury Market Group Proposes Best Practices for Handling Confidential Info
[Photo: The Federal Reserve Bank of New York]
The Treasury Market Practices Group (TMPG) of the Federal Reserve Bank is proposing to update its Best Practices for Treasury, Agency Debt and Agency Mortgage-Backed Securities Markets. The changes would add recommendations related to the appropriate handling and use of confidential information. The TMPG welcomes feedback on its Proposed Best Practice Recommendations on Information Handling with Illustrative Examples.
PURPOSE: In recent years, there have been a number of serious cases of misuse of confidential information that undermined the integrity of financial markets. To support market functioning and integrity, the TMPG thought it prudent to develop practice guidance for its covered markets.
WHAT’S CHANGING: The TMPG is calling for market participants to:
- communicate in a clear and truthful manner,
- not share or use confidential information with the intent of adversely affecting the interests of a counterparty or the integrity of the market,
- limit sharing and use of confidential information,
- adopt policies and procedures that identify and address limitations on the sharing and use of confidential information,
- make information handling practices available to counterparties, and
- establish internal controls designed to ensure compliance with established polices.
[Click here to access “Best Practices FOR TREASURY, AGENCY DEBT, and AGENCY MORTGAGE-BACKED SECURITIES MARKETS” (January 2017)]