SEC adopts new clearing rules in $26bn US Treasury market overhaul

Changes to go into effect in two phases

Valeria Martinez
clock • 2 min read

The Securities and Exchange Commission has adopted rule changes to reduce system-wide risks in the $26bn US Treasury market by requiring that more trades are cleared centrally.

Yesterday (13 December), the US regulator voted four to one in favour of a proposal to enhance risk management practices for central counterparties in the market and facilitate additional clearing of US Treasury trades. The rules mandate a notably greater share of the US Treasury cash and repo markets, particularly specific eligible secondary market transactions, to undergo central clearing by 31 December 2025 for cash transactions, and by 30 June 2026 for repo transactions. US private fund industry bodies sue SEC over new disclosure rules The reforms are part of the US government'...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Bonds

Four Graphs explaining government debt

Four Graphs explaining government debt

Four experts write

Investment Week
clock 16 July 2024 • 2 min read
Refinitiv's Dewi John: Lifting the lid on strategic bond performance

Refinitiv's Dewi John: Lifting the lid on strategic bond performance

Defaults creeping up but are still relatively low

Dewi John
clock 12 July 2024 • 4 min read
M&G's Jim Leaviss on three decades in bonds: 'An incredible puzzle', scary times and embracing the arts

M&G's Jim Leaviss on three decades in bonds: 'An incredible puzzle', scary times and embracing the arts

Bringing bond investing to a broader audience

Katrina Lloyd
clock 10 July 2024 • 7 min read
Trustpilot