SEC Chair Gensler Advocates for Accelerated Settlement in Currency Markets Gary Gensler, the chair of the U.S. Securities and Exchange Commission (SEC), has advocated for the incorporation of foreign exchange markets into the global initiative to shorten trade settlement times. Speaking at an event in Brussels, Gensler proposed reducing the timeframe for finalizing financial market deals, including currency trades, to a single day. This suggestion aligns with comments from Mairead McGuinness, the EU’s top financial services official, who indicated the EU’s intention to transition securities settlements to a one-day window. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Fed's Inflation Blunder Sets Stage for Looming US Recession, Says Top Economist READ MORE US Budget Gap Widens 16% in First Four Months of Fiscal Year READ MORE NYCB Shares Close Lower as Recent Gains Disappear READ MORE The economy might be booming, but housing is in a recession: Top real estate CEO says he’s never seen anything like it in 20 years READ MORE Green Bonds Gleam with Promise as Interest Rates Set to Tumble READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment
