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Romans_I_XVI 2 points ago +2 / -0

So, what are the odds this is because they know a collapse is coming and they want to insulate their friends?

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Q20191776 [S] 2 points ago +2 / -0

In a release by Federal Reserve on 2-18-2021...

Consistent with FDICIA's goals of reducing systemic risk and increasing efficiency in the financial markets, the Board's final rule expands the definition of financial institution to ensure that certain entities qualify as financial institutions, including swap dealers and security-based swap dealers; major swap participants and major security-based swap participants; nonbank systemically important financial institutions; certain financial market utilities; foreign banks; bridge institutions; qualifying central counterparties; the Bank for International Settlements; foreign central banks; and Federal Reserve Banks.