Wall Street’s top regulator on Wednesday adopted new rules aimed at reducing systemic risk in the $26 trillion U.S. Treasury market by forcing more trades through clearing houses, while offering some concessions following industry pushback.
The five-member U.S. Securities and Exchange Commission voted 4-1 on Wednesday to advance the new rules, proposed over a year ago as part of a broader effort to fix structural issues regulators believe are causing volatility and liquidity problems.
