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Brendan McDermid - 2 BNY Mellon - 2 Treasuries - 2 Nate Wuerffel - 2 Wuerffel - 2 Davide Barbuscia - 2 Laura Matthews - 2 Richard Chang - 2
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REUTERS - 2 Companies Bank of New York Mellon - 2 U.S . Securities - 2 Exchange Commission - 2 Treasury - 2 SEC - 2 BNY - 2 Federal Reserve - 2

Search resuls for: "Companies Bank of New York Mellon"


2 mentions found


☆ BNY Mellon flags Treasury market functioning risks as key reform looms
  + stars: | 2023-11-09 | by ( Davide Barbuscia | Thomson Reuters | Davide Barbuscia Covers Macro Investment | ) www.reuters.com   time to read: +3 min
A BNY Mellon sign is seen on their headquarters in New York's financial district, January 19, 2011. "We're in a period when the Treasury market needs to be relied upon for its safety and liquidity," Nate Wuerffel, head of market structure at BNY Mellon, said in an interview. "And if on top of that you're trying to implement very rapidly a fundamental reassembly of the Treasury market, that's when you run the risk of having market functioning deteriorate." Liquidity crunches in recent years have raised regulatory concerns about the Treasury market's ability to function during times of stress. "Central clearing will strengthen the market’s core attributes of safety and liquidity in times of stress.
Persons: Brendan McDermid, BNY Mellon, Treasuries, Nate Wuerffel, Wuerffel, Davide Barbuscia, Laura Matthews, Richard Chang, Sam Holmes Organizations: REUTERS, Companies Bank of New York Mellon, U.S . Securities, Exchange Commission, Treasury, SEC, BNY, Federal Reserve, Federal, Thomson Locations: New
☆ BNY Mellon warns about Treasury market functioning risks as key reform looms
  + stars: | 2023-11-08 | by ( Davide Barbuscia | Thomson Reuters | Davide Barbuscia Covers Macro Investment | ) www.reuters.com   time to read: +2 min
A BNY Mellon sign is seen on their headquarters in New York's financial district, January 19, 2011. "We're in a period when the Treasury market needs to be relied upon for its safety and liquidity," Nate Wuerffel, head of market structure at BNY Mellon, said in an interview. "And if on top of that you're trying to implement very rapidly a fundamental reassembly of the Treasury market, that's when you run the risk of having market functioning deteriorate." Notably, in March 2020 the market seized up as pandemic fears gripped investors, prompting the Federal Reserve to buy Treasuries to support the market. "An extended implementation timeline in the final rule could substantially lower the risk that the transition itself could worsen market functioning," Wuerffel said in a note on Wednesday.
Persons: Brendan McDermid, BNY Mellon, Treasuries, Nate Wuerffel, Wuerffel, Davide Barbuscia, Laura Matthews, Richard Chang Organizations: REUTERS, Companies Bank of New York Mellon, U.S . Securities, Exchange Commission, Treasury, SEC, BNY, Federal Reserve, Federal, Thomson Locations: New
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