November 7, 2023 (NO COMMENTS)

Asset managers and European banks are calling for a more detailed analysis of the cost of complying with a broad clearing mandate for US Treasuries. The Securities and Exchange Commission is widely expected to adopt a new rule in the coming weeks that would require direct members of the Fixed Income Clearing Corporation to submit nearly all repo and certain cash transactions in US Treasuries for central clearing. The Depository Trust & Clearing Corporation, which owns FICC, estimates $1.6