About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

US Fed and SEC Ratify Data Sharing Agreement

Subscribe to our newsletter

Following months of discussions, the US Federal Reserve and the Securities and Exchange Commission (SEC) have finally signed a formal agreement that explicitly allows for the two agencies to share information about the inner workings of investment banks.

According to the memorandum of understanding, the SEC will provide the Fed with “information and analysis regarding the financial condition, risk management systems, internal controls and capital, liquidity and funding resources” of the firms it oversees, and the Fed will do likewise for the SEC.

SEC chairman Christopher Cox stated: “This agreement will permit the expanded sharing of information on a confidential basis and help ensure that regulated entities receive a coherent message from Uncle Sam.”

This has meant that the Fed will be able to see an investment bank’s trading positions, its leverage and its capital requirements and expand the central bank’s oversight to include investment banks. Under the current system, the SEC has oversight of brokerage firms, while the Fed has oversight of bank holding companies and commercial banks.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: The keys to ESG data management success

The transition to a more environmentally and socially sustainable world has created an urgent and strategic priority for the banking and capital markets sector. Driven by stakeholder pressures from investors, regulators and customers to prioritise ESG considerations in their corporate agenda, ESG has accelerated digital transformation and brought a renewed focus on firms to improve...

BLOG

A-Team Innovation Briefing Discusses Data Mesh, Transition to Cloud, Use of AI

A-Team Group’s Innovation Briefing series got off to a great start in London last week with an event dedicated to innovation in cloud. The briefing included practitioner interviews, provided insight into how to modernise data infrastructure, and reviewed technologies driving change. The case for data mesh Kicking off the briefing, and raising several delegate questions,...

EVENT

Data Management Summit New York City

Now in its 12th year, the Data Management Summit (DMS) in New York brings together the North American, capital markets enterprise data management community, to explore the evolution of data strategy and how to leverage data to drive compliance and business insight.

GUIDE

Regulatory Data Handbook 2022/2023 – Tenth Edition

Welcome to the tenth edition of A-Team Group’s Regulatory Data Handbook, a publication that has tracked new regulations, amendments, implementation and data management requirements as regulatory change has impacted global capital markets participants over the past 10 years. This edition of the handbook includes new regulations and highlights some of the major regulatory interventions challenging...