Page 28 - 期货和衍生品行业监管动态（2023年11月刊）

期货和衍生品行业监管动态

which is composed of staff from the U.S. Department of the Treasury, the Board of

Governors of the Federal Reserve System, the Federal Reserve Bank of New York, the

U.S. Securities and Exchange Commission, and the U.S. Commodity Futures Trading

Commission—today issued a staff progress report to provide an additional update on a

wide range of significant steps its members have taken to enhance the resilience of the

U.S. Treasury market. The IAWG members have, among other steps:

 announced plans to implement a Treasury buyback program in 2024;

 adopted amendments requiring certain firms that are significantly involved in

the proprietary trading of Treasury securities to become members of the

Financial Industry Regulatory Authority (FINRA) and report their Treasury

transactions to FINRA’s Trade Reporting and Compliance Engine (TRACE);

 approved further enhancements to the public release of data on secondary

market transactions in on-the-run Treasury securities;

 adopted changes to SEC Form N-MFP that will provide, among other items,

more granular information about activity of money market funds in the

Treasury repurchase agreement (repo) market;

 adopted changes to SEC Form PF that will enable better monitoring of the

activity of liquidity funds and will draw clearer distinctions between cash and

derivatives activity in the Treasury markets;

 adopted rules requiring reporting of the terms of securities lending transactions

in a timely manner; and

 approved changes that will expand cross-margining between central

counterparties that clear cash and derivatives transactions related to Treasury

securities and improve the management of member defaults.

These steps build on the work described in the IAWG’s 2022 Staff Progress Report,

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