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“Fall Feelings: Treasury Markets’ Efficiency and Resiliency” Remarks before SIFMA

· Gary Gensler, Chair of the U.S. Securities and Exchange Commission (United States)

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· Gary Gensler Wiki · U.S. Securities and Exchange Commission Wiki“Fall Feelings: Treasury Markets’ Efficiency and Resiliency” Remarks before SIFMA

ContextSpeech by Gary Gensler, Chair of the U.S. Securities and Exchange Commission.

Why it mattersGensler explains why high-speed liquidity providers should register as dealers.

Problems raised
  1. Some de facto Treasury market makers are not registered.
  2. Much Treasury trading is not centrally cleared.
  3. Treasury markets need more resilience.
Solutions proposed
  1. Define dealers so liquidity providers register.
  2. Require clearing of repo and certain cash trades.
  3. Pursue efficiency and resilience reforms.
Read full speech on sec.gov ↗

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