Gary Gensler, the new chair of the SEC, is provisionally endorsing the industry effort to shorten trade settlement time from T+2 to T+1 as evidenced by his recent testimony before the U.S. House Committee on Financial Services, overseen by Chairwoman Maxine Waters (D-CA). “I believe shortening the standard settlement cycle could reduce costs and risks… Read More >>
Key Swaps Rules Get SEC Spotlight
Amid the stampede to emerging and disruptive technologies, a few more Earthly matters must be resolved within the realm of securities operations. One of those matters is the final resolution of the SEC’s proposed rules and amendments that govern capital, margining, and segregation requirements for securities-based swaps. These guidelines are important to “security-based swap dealers… Read More >>
