Gary Gensler, chair of the Securities and Exchange Commission (SEC), announced on Wednesday his support for competition among multiple clearing houses for U.S. Treasuries. Gensler welcomed this competition. The SEC is currently in discussions with several firms aiming to become central clearinghouses for U.S. Treasuries and derivatives trading. Additionally, a New York Federal Reserve official has advised the bond market to prepare for central clearing. However, Wall Street is concerned about the timeline for implementing centralized Treasury clearing.
Wall Street frets over timeline for centralized Treasury clearing https://t.co/5HunsVm1uj https://t.co/wjflUbFxKW
The SEC is in talks with several firms seeking to become central clearinghouses for US Treasuries and derivatives trading https://t.co/qwQEM48vgw via @markets @KatLeighDoherty @mccormickliz
US SEC's Gensler welcomes competition on multiple clearing houses for Treasuries https://t.co/K5aP7J7mvZ https://t.co/tRrzSPUYDv
NY Fed official tells bond market to get ready for central clearing https://t.co/aUHDPuPlE9 https://t.co/sCmnll9nmB
The SEC is in talks with several firms seeking to become central clearinghouses for US Treasuries and derivatives trading https://t.co/LsSLDSJ3Db
🔵 US SEC'S GENSLER WELCOMES COMPETITION ON MULTIPLE CLEARING HOUSES FOR TREASURIES Full Story → https://t.co/vw5S7ZSV2d Gary Gensler, chair of the Securities and Exchange Commission, said on Wednesday he welcomed competition around having multiple clearing houses for U.S.…