October 16, 2024 (NO COMMENTS)

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.