IFLR is part of the Delinian Group, Delinian Limited, 8 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730
Copyright © Delinian Limited and its affiliated companies 2023

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

US Treasury

Any clearing mandate should start with cash transactions only, and bring in repos at a later stage
Lack of standardised documentation, inadequate infrastructure, and concentration risk are among key issues pointed out by the industry
Speaking at SIFMA’s annual conference, the Treasury secretary touched upon issues in Treasury markets, digital assets and climate change
A thorough cost-benefit assessment of proposed changes for Treasury securities clearing will be needed to justify their necessity
A proposal to require that more US Treasury trades be centrally cleared could concentrate too much risk and create another ‘too big to fail’