SEC approves DTCC’s $74bn liquidity facility
Proposal faced opposition from smaller broker-dealer members of US Treasuries CCP
A US regulator has given the green light for the Depository Trust & Clearing Corporation to implement a $74 billion liquidity facility for its US Treasury and repo clearing house.
The final decision was made by the Securities and Exchange Commission on November 15 and concludes an ongoing back-and-forth between the regulator, the DTCC and some disgruntled members of the firm’s clearing house
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