The new SEC rules involving central clearing of U.S. Treasury securities will affect buy-side participants across the financial services landscape, especially those with a global footprint and on cross-border trades. Read more about the key dates to consider and next steps firms should take: https://okt.to/2GAkgO
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This week the SEC finalized the rule on mandatory clearing of U.S. Treasury Securities - check out the paper our team drafted which sheds light on the changes ahead. With its broad reaching impact across market participants and tight timeline, preparation needs to start now...
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This week, the SEC adopted rule amendments to expand the scope of mandatory central Treasury clearing. Check out our paper which provides insights on the broad impacts of the new rule amendments, and how firms can start building their roadmap for compliance.
This week the SEC finalized the rule on mandatory clearing of U.S. Treasury Securities - check out the paper our team drafted which sheds light on the changes ahead. With its broad reaching impact across market participants and tight timeline, preparation needs to start now...
Our Take - Expanded central Treasury clearing
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This just in, new FICC tool will calculate the Value at Risk for a given portfolio, providing market participants with further insight into market value, positions and risk profiles ahead of SEC Expanded U.S. Treasury Clearing Rule. Read more: https://okt.to/nlze3t
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A big thank you to Gary Gensler, chair of the US Securities and Exchange Commission, for giving keynote remarks at the #ISDA/SIFMA Treasury Forum in New York today. In his remarks, Chair Gensler discussed the SEC’s rules to require mandatory clearing of certain US Treasury securities. “The goal of these reforms is to promote the efficiency and the resiliency of these markets. The rules promote efficiency through access, transparency, competition and facilitating all-to-all trading. Doing so lowers costs on behalf of US taxpayers. The reforms promote resiliency by bringing more transactions into central clearing, as well as having well-regulated dealers and platforms,” he said.
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One week to go! Laura Klimpel will join a panel of experts at ISDA Treasury Forum in New York to discuss the SEC Rules, including a deep dive into what clients can expect from these changes, and what opportunities may arise for cross-margining between US Treasury cash and futures trades. Learn more: https://okt.to/hCITwd #treasuryclearing #USTC
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SEC signs off US Treasury clearing for cash and repo The U.S. Securities and Exchange Commission (SEC) has adopted a rule designed to reduce risk in the US Treasury market by ensuring that more trades are covered by clearing houses. #treasuries #risk #clearing #thedesk https://hubs.li/Q02dp3tz0
SEC signs off US Treasury clearing for cash and repo
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Don't miss Laura Klimpel at ISDA Treasury Forum where she will join a panel of industry experts to discuss the SEC Rules, including a deep dive into what clients can expect from these changes, and what opportunities may arise for cross-margining between US Treasury cash and futures trades. Learn more: https://okt.to/FNOn5W #treasuryclearing #USTC
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Could the U.S. Securities and Exchange Commission pull a bait and switch on its open-end fund swing pricing proposal, substituting another idea like a mandatory liquidity fee? To mandate any anti-dilution measure either without demonstrating a need or, if the measure is different from swing pricing, without first thoroughly detailing it in a proposal, is wrong for investors and would impose new and unsubstantiated costs on Americans planning for their financial future. Read more from the ICI Daily on why the SEC should think very carefully before attempting a bait-and-switch move towards a mandatory fee: https://bit.ly/3Hm3c41
ICI to SEC: A mandatory redemption fee would not be an acceptable substitute to the swing pricing proposal
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📢#2024SLGSUpdate - On 𝐀𝐮𝐠𝐮𝐬𝐭 𝟐𝟔, 𝟐𝟎𝟐𝟒, the new rules governing State and Local Government Series Securities (#SLGS) will go into effect. The U.S. Department of the Treasury updated the rule back in February 2024. 📅 Read the press release on the 2024 SLGS regulation changes: https://lnkd.in/gi9Qee4v ➡️Learn more about the #SLGS securities program: https://lnkd.in/eNKKm98v
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In the fast-changing landscape of US Treasury Markets, new SEC rules have changed the rules of the game regarding clearing activities. These changes present new challenges for firms operating in the repo and cash markets. Firms in Treasury Repo and Cash Markets must also prepare for upcoming compliance deadlines in 2025 and 2026. Get in touch to find out how we can help: https://ow.ly/8CHp50QGJpu #Banking&Markets #Clearing #Risk #Regulation
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