Treasury clearing timeline ‘too aggressive’ says BofA rates head
Sifma gears up for extension talks with incoming SEC and Treasury officials
The current timeline for mandatory clearing of US Treasuries and repo agreements is too aggressive and should be delayed, according to Bank of America’s global rates head.
“We want the liquidity in the Treasury market to stay robust, and pushing out timelines definitely makes sense as the timelines are far too aggressive,” said Laura Chepucavage, BofA’s global head of financing, futures and rates.
“An extension would be beneficial for the industry to be able to adopt this in the most prudent
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