Fate of US Treasury clearing deadline to be decided at crunch meeting
Isda chief predicts delay as clearing houses await confirmation of go-live dates
Expectations are rising that the Securities and Exchange Commission will delay the start of its US Treasury clearing mandate at an open meeting tomorrow (February 26).
“I am predicting a delay,” Scott O’Malia, chief executive of the International Swaps and Derivatives Association, told attendees at a conference in Frankfurt earlier today.
Speaking on the sidelines of the event, a clearing executive agreed that a delay was “more likely than not”, citing the open nature of tomorrow’s SEC meeting.
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