SIFMA today issued the following statement from Randy Snook, executive vice president, on the announcement by the Treasury Market Practices Group (TMPG) on revised fails charge recommendations for the agency debt and agency mortgage-backed securities (MBS) markets:
“SIFMA commends the TMPG’s focus on this issue and their thoughtful considerations of the particulars of the debt and MBS markets. We appreciate the TMPG’s efforts to consider the views of the broader market, and believe the revised fails charge is beneficial to the markets, as it will be both effective and support overall market liquidity. We look forward to helping our members implement this revised approach.”
