News From Law.com
The U.S. Securities and Exchange Commission adopted changes Wednesday to cover clearing agencies for U.S. Treasury securities to improve risk management and further facilitate transactions. "The $26 trillion Treasury market — the deepest, most liquid market in the world — is the base upon which so much of our capital markets are built," SEC Chair Gary Gensler said. "Having such a significant portion of the Treasury markets uncleared — 70 to 80 percent of the Treasury funding market and at least 80 percent of the cash markets — increases system-wide risk."
District of Columbia
December 13, 2023, 4:00 PM