FIA urged the SEC to exclude futures commission merchants from its proposed requirement to centrally clear transactions in Treasury securities.
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.
In its 2022 Annual Report, the Financial Stability Oversight Council offered recommendations touching on (i) digital assets, (ii) climate-related financial risks, (iii) investment fund disclosure, (iv) Treasury markets, (v) cybersecurity and (vi) LIBOR transitions.
SEC Chair Gary Gensler called for greater transparency and resiliency in U.S. treasury markets to promote competition. He highlighted projects the SEC has undertaken with Treasury and the NY Fed to improve the market.