Key takeaways
Host: George Black, principal, Deloitte & Touche LLP
Presenters:
James W. Hraska, head of Client Solutions, Clearing Agency Services, DTCC
Travis T. Keltner, managing director, Head of Secured Financing, State Street
Nathaniel Wuerffel, head of Market Structure, BNY Mellon
1.0 Overview CPE credit | Specialized Knowledge
On December 13, 2023, the Securities and Exchange Commission approved a final rule, which will require firms to begin centrally clearing eligible trades in Treasury securities by the end of 2025 and repurchase agreement transactions by June 2026. We’ll discuss:
- Amendments to Rules 17ad-22 and 15c3-3a and the impact across industry players
- Updates to the Fixed Income Clearing Corporation (FICC) rulebook
- Implementation deadlines and considerations for firms over the next two years
Resources
