FIA urged the SEC to exclude futures commission merchants from its proposed requirement to centrally clear transactions in Treasury securities.
News & Insights
Based on an ISDA survey of an SEC proposal to require Fixed Income Clearing Corporation members to centrally clear repo transactions in Treasury securities, ISDA said market participants generally supported voluntary clearing, but few supported broad clearing mandates.
Both sell-side and buy-side trade associations expressed significant reservations on the SEC's proposal to require covered clearing agencies that provide central counterparty services for Treasury securities to require members to centrally clear many of their repo transactions in Treasury securities.
SIFMA and the Asset Management Group raised concerns regarding an SEC-proposed rule that would create extensive reporting requirements for any individuals loaning a security.
ISDA CEO Scott O'Malia outlined recent and forthcoming efforts to address benchmark reforms.