US senators chase regulators on Treasury market reform
Crapo and Warner push regulators to ensure reforms to improve transparency are still in pipeline
Senior senators on the US Senate Committee on Banking, Housing, and Urban Affairs have written to the heads of all major financial regulators in the US, including US Federal Reserve Board chair Janet Yellen, concerned that reform of the Treasury market is stalling.
In the October 31 letter, Mark Warner and Mike Crapo stress the Treasury market – “the most critical” market in the US – “must evolve with and adapt to the significant innovation in trading and market structure”.
The market
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