Greenspan Lends His Support To T+1 Proposals

NEWS

NEW YORK-- The efforts of the US securities industry and regulatory officials to shorten the current US standard period for securities trade settlement from three days to one were boosted last month by remarks made by Federal Reserve Chair Alan Greenspan. The aim of such a reduction would be to significantly reduce transaction settlement risk.

Speaking at a conference organised by the Federal Reserve Bank of Atlanta on electronic finance, Greenspan noted the dangers posed to US equities marke

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