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Statement On Proposed Rules Regarding Treasury Clearing, SEC Chair Gary Gensler, Sept. 14, 2022

<p><span>Today, the Commission will consider whether to propose standards for covered clearing agencies (also known as clearinghouses) regarding the clearance of certain trades involving U.S. Treasury securities. I am pleased to support these rules because, if adopted, they would help to make a vital part of our capital markets more efficient, competitive, and resilient.</span></p>
New York United States Roy Cheruvelil Holly Miller Meridith Mitchell Sean Bennett

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Statement On Treasury Clearing, SEC Commissioner Jaime Lizárraga, Sept. 14, 2022

<p><span>Today, the Commission is proposing amendments designed to improve transparency and lower systemic risk in the $23.3 trillion market for U.S. Treasury securities. By increasing the number of transactions subject to central clearing, these amendments should help strengthen the U.S. Treasury market and make it more resilient to unexpected shocks.</span></p>
United States Luis Aguilar Division Of Trading Division Of Investment Management Division Of Economic Risk Analysis

Statement On Standards For Covered Clearing Agencies For U.S. Treasury Securities And Application Of The Broker-Dealer Customer Protection Rule With Respect To U.S. Treasury Securities, SEC Commissioner Caroline A. Crenshaw, Sept. 14, 2022

<p><span>As I have noted in the past, i</span><span>t is hard to overstate the importance of the U.S. Treasury market. U.S. Treasury securities are direct obligations of the U.S. Government issued by the Department of the Treasury. There are several different types of Treasury securities, including U.S. Treasury bills, nominal coupon notes and bonds, Floating Rate Notes, and Treasury Inflation-Protected Securities (TIPS). The market consists of two components: the primary...
New York United States Federal Reserve Bank Principal Trading Firm Department Of Treasury Income Clearing Corporation

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