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Statement On Standards For Covered Clearing Agencies For U.S. Treasury Securities And Application Of The Broker-Dealer Customer Protection Rule With Respect To U.S. Treasury Securities, SEC Commissioner Caroline A. Crenshaw, Sept. 14, 2022

Date 14/09/2022

As I have noted in the past, it is hard to overstate the importance of the U.S. Treasury market. U.S. Treasury securities are direct obligations of the U.S. Government issued by the Department of the Treasury. There are several different types of Treasury securities, including U.S. Treasury bills, nominal coupon notes and bonds, Floating Rate Notes, and Treasury Inflation-Protected Securities (TIPS). The market consists of two components: the primary market and the secondary market. The primary market is where the Treasury Department auctions securities to the public through a competitive bidding process and subsequently issues awarded securities to finance the Federal government. The secondary market is where the other trading of U.S. Treasury securities occurs. The secondary market includes both the “cash market,” for outright purchases and sales of securities, and the repo market, where one participant sells a U.S. Treasury security to another participant, along with a commitment to repurchase the security at a specified price on a specified later date. Treasuries serve as investment instruments and hedging vehicles, as a benchmark for many financial instruments, and as a mechanism for the implementation of monetary policy, among other purposes.

CFTC Commissioner Pham To Be Honored By The National Conference Of Vietnamese American Attorneys

Date 14/09/2022

SEC Charges Loop Capital Markets In First Action Against Broker-Dealer For Violating Municipal Advisor Registration Rule

Date 14/09/2022

The Securities and Exchange Commission today charged Chicago-based Loop Capital Markets, LLC for providing advice to a municipal entity without registering as a municipal advisor. The action marks the first time the SEC has charged a broker-dealer for violating the municipal advisor registration rule.

NGX, UBA To Collaborate On Improving Participation Of Nigerians In Diaspora In The Capital Market

Date 14/09/2022

Nigerian Exchange Limited (NGX) and United Bank for Africa (UBA) are set to collaborate on Diaspora investments in the Nigerian capital market. This was revealed at the Closing Gong Ceremony held to welcome the newly appointed GMD of UBA, Mr. Oliver Alawuba, DGM, Mr. Muyiwa Akinyemi and other management on Wednesday, 14th September 2022.

Treasury Clearing Standards For Membership Requirements And Risk Management, SEC Commissioner Hester M. Peirce, Sept. 14, 2022

Date 14/09/2022

Thank you, Mr. Chair. I support today’s proposal because it seeks comment on how to address problems we have observed in the Treasury market, not because I necessarily embrace the solution that we are proposing.

SEC Proposes Rules To Improve Risk Management In Clearance And Settlement And To Facilitate Additional Central Clearing For The U.S. Treasury Market

Date 14/09/2022

The Securities and Exchange Commission today proposed rule changes that would enhance risk management practices for central counterparties in the U.S. Treasury market and facilitate additional clearing of U.S. Treasury securities transactions. The proposed rule changes would update the membership standards required of covered clearing agencies for the U.S. Treasury market with respect to a member’s clearance and settlement of specified secondary market transactions. Additional proposed 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.

LuxSE And West-African Regional Exchange BRVM Join Forces On Sustainable Finance

Date 14/09/2022

Earlier today, during an official visit to Luxembourg by representatives from Bourse Régionale des Valeurs Mobilières (BRVM), the Luxembourg Stock Exchange (LuxSE) and the West-African regional exchange celebrated the signing of a Memorandum of Understanding (MoU).

Statement On Standards For Covered Clearing Agencies For U.S. Treasury Securities And Application Of The Broker-Dealer Customer Protection Rule With Respect To U.S. Treasury Securities, SEC Commissioner Mark T. Uyeda, Sept. 14, 2022

Date 14/09/2022

U.S. Treasury securities serve as a foundation and key linkage in both domestic and international financial markets. The U.S. Treasury market is the deepest and most liquid government securities market in the world.

Statement On Treasury Clearing, SEC Commissioner Jaime Lizárraga, Sept. 14, 2022

Date 14/09/2022

Today, the Commission is proposing amendments designed to improve transparency and lower systemic risk in the $23.3 trillion market for U.S. Treasury securities. By increasing the number of transactions subject to central clearing, these amendments should help strengthen the U.S. Treasury market and make it more resilient to unexpected shocks.

Statement On Proposed Rules Regarding Treasury Clearing, SEC Chair Gary Gensler, Sept. 14, 2022

Date 14/09/2022

Today, the Commission will consider whether to propose standards for covered clearing agencies (also known as clearinghouses) regarding the clearance of certain trades involving U.S. Treasury securities. I am pleased to support these rules because, if adopted, they would help to make a vital part of our capital markets more efficient, competitive, and resilient.