Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Fed Seeks Comment on Dodd-Frank Financial Utility Accounts Rule

Don't Miss Out —
Follow us on:

Feb. 26 (Bloomberg) -- The Federal Reserve requested comment today on a new rule that would authorize its 12 district banks to provide financial services to financial market utilities designated as systemically important by the Financial Stability Oversight Council.

The FSOC, a board of U.S. regulators including the Fed and U.S. Treasury, on July 18 designated eight financial market utilities as systemically important.

The Treasury Department listed the entities as: ICE Credit LLC, Chicago Mercantile Exchange Inc., and the Clearing House Payments Co. LLC. Also listed by the Treasury were the Options Clearing Corp., CLS Bank International, the Depository Trust Co., Fixed Income Clearing Corp., and National Securities Clearing Corp.

The Fed district banks would also provide financial services to the firms.

To contact the reporters on this story: Craig Torres in Washington at ctorres3@bloomberg.net

To contact the editor responsible for this story: Chris Wellisz at cwellisz@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.