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Cryptocat lates version1/26/2024 ![]() ![]() ![]() These transactions include: all repurchase and reverse repurchase agreements collateralized by U.S. Treasury market adopt policies and procedures designed to require their members to submit for clearing certain specified secondary market transactions. Specifically, the amendments require that covered clearing agencies in the U.S. I am pleased to support these rules because they will help to make the Treasury market more efficient, competitive, and resilient.” Second, the final rules broaden the scope of which transactions clearinghouse members must clear. First, the final rules make changes to enhance customer clearing. Today’s adopting release addresses clearing of Treasury securities in two important ways. “Having such a significant portion of the Treasury markets uncleared - 70 to 80 percent of the Treasury funding market and at least 80 percent of the cash markets - increases system-wide risk. “The $26 trillion Treasury market - the deepest, most liquid market in the world - is the base upon which so much of our capital markets are built,” said SEC Chair Gary Gensler. Additional rule changes are designed to reduce the risks faced by a clearing agency and incentivize and facilitate additional central clearing in the U.S. Treasury market with respect to a member’s clearance and settlement of specified secondary market transactions. The rule changes update the membership standards required of covered clearing agencies for the U.S. Treasury market and facilitate additional clearing of U.S. The Securities and Exchange Commission today adopted rule changes to enhance risk management practices for central counterparties in the U.S. ![]()
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