Treasury Launches New Effort to Improve Resilience of its Market

Excerpt:  “The U.S. Department of the Treasury, in consultation with the Inter-Agency Working Group on Treasury Market Surveillance (IAWG), has taken the next step in its work to bolster Treasury market resilience by publishing a request for information (RFI) to solicit public feedback on additional post-trade data transparency in the Treasury securities market. ‘Soliciting public comment on ways to increase transparency in the Treasury market is part of an effort to help ensure that the Treasury market continues to be the deepest and most liquid market in the world,’ Under Secretary of the Treasury Nellie Liang said. ‘The Treasury market has grown significantly relative to the balance sheets of traditional intermediaries, and technology, trading, and investment practices have evolved substantially in recent years. Our efforts to strengthen the resilience of the Treasury market will help ensure that it continues to serve its central role in the global financial system.'”