G30 calls for major US Treasury market reform
Rise of non-banks and side-effects of regulation are triggering bouts of “dysfunction”, report warns
Influential think-tank the Group of Thirty is calling for wide-ranging reform to the US Treasury market, as bouts of “dysfunction” become increasingly common.
Banks are stepping back from market-making at a time when the stock of outstanding Treasuries is growing, the G30 says in a report published on July 28. The group, which includes senior current and former central bankers and financiers, urges US authorities to take action to “increase, diversify and stabilise” market-making.
During the
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