By Davide Barbuscia NEW YORK (Reuters) - The Securities Industry and Financial Markets Association may ask regulators for more time to implement a rule requiring centralized Treasury clearing as Wall Street faces a 2026 deadline. The Securities and.
The Securities Industry and Financial Markets Association may ask regulators for more time to implement a rule requiring centralized Treasury clearing as Wall Street faces a 2026 deadline. The Securities and Exchange Commission in December adopted new rules aimed at reducing systemic risk in the $27 trillion Treasury market, the world's biggest bond market, by forcing more trades through clearing houses. Crucial details on how mandatory central clearing will work are not yet defined, and market participants said the remaining two years may not be enough time to transition.
By Davide Barbuscia NEW YORK (Reuters) - The Securities Industry and Financial Markets Association may ask regulators for more time to implement a rule requiring centralized Treasury clearing as Wall Street faces a 2026 deadline. The Securities and.
NEW YORK (Reuters) -U.S. trading moves to a shorter settlement on Tuesday, which regulators hope will reduce risk and improve efficiency in the world's largest financial market but may temporarily lead to a rise in transaction failure for investors. To comply with a rule change the U.S. Securities and Exchange Commission (SEC) adopted last February, investors in U.S. equities, corporate and municipal bonds and other securities must settle their transactions one business day after the trade, instead of two, beginning Tuesday. Regulators sought the new standard, commonly called T+1, after the 2021 trading frenzy around the "meme stock" GameStop highlighted the need to reduce counterparty risk and improve capital efficiency and liquidity in securities transactions.