United States: Regulatory Landscape for the U.S. FMIs
Source: U.S. FSAP 2015 with updates.
|Primary regulator||Federal Reserve||CFTC||SEC|
|Application of enhanced risk management standards||By FSOC designation|
The Clearing House Payments Company, L.L.C., on the basis of its role as operator of the Clearing House Interbank Payments System (CHIPS)
CLS Bank International
Chicago Mercantile Exchange (CME)
ICE Clear Credit L.L.C. (ICC)
Depository Trust Company (DTC)
Fixed Income Clearing Corporation (FICC)
National Securities Clearing Corporation (NSCC)
Options Clearing Corporation (OCC)
|By policy or regulation|
Fedwire Funds Service
Fedwire Securities Service
|By FMI opt-in or through being subject to home country supervision|
9 Foreign CCPs (of which 3 exempt)
ICE Clear U.S.
Minneapolis Grain Exchange
|Other FMIs that are not subject to enhanced risk management standards|
Federal Reserve retail payment services
CX Clearinghouse, L.P.
North American Derivatives Exchange, Inc.
Eris Clearing, LLC
Clearing agencies that are not CCPs and CSDs