In The Press October 19, 2022

SEC Treasury Proposal Could Spark Market Backlash (International Financial Law Review)

Proposals from the Securities and Exchange Commission to facilitate additional clearing of US Treasury securities trades are likely to be met with market pushback and should be subject to further assessment before being enacted. While there is bipartisan support at the regulatory level for greater oversight of the Treasury market, the industry response is likely to be less positive, according to Financial Industry partner and former SEC commissioner counsel Nicholas Losurdo. “Participants will be really interested in how these element will affect markets – not only this proposal, but also the one that expanded the definition of an exchange to include significant Treasury market platforms within Regulation ATS [Alternative Trading System],” said Losurdo, while speaking with International Financial Law Review.