BMA warns US Treasury about creating sec lending facility
The Bond Market Association (BMA) has accused the US Treasury of overreacting in a proposal for a governmental response to chronic failure in the securities lending market. This came in response to a recent report from the Treasury exploring the concept of establishing a securities lending facility. Although the BMA supports the objectives and principles behind the concept, it has stated that a proposed governmental policy response to widespread and chronic fails in the market is unwarranted.
SEC gives in to US Court of Appeals
The US Securities and Exchange Commission (SEC) won't appeal a court reversal of its rule for US hedge funds to register with it.
An attempt by the SEC to begin an oversight of the secretive hedge fund industry was recently prevented by the US Court of Appeals. Its rule, in effect from February, would have required...
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