SEC’s Peirce calls for US Treasury clearing delay
Risk Live: Current timeline impractical, commissioner warns; proposes task force to steer implementation
The US Treasury clearing mandate should be delayed, Securities and Exchange Commissioner Hester Peirce has said, and a task force set up to ensure a smooth implementation.
Peirce, speaking at Risk Live North America in Nashville on October 16, said there remained too much to be done before the new rules – adopted by the SEC last December – take effect and force a majority of US Treasury transactions into clearing by the end of 2025.
“This is complicated, and we want to get it right – that’s why I
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