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 U.S. National Debt Soars to Dizzying Heights, Joining Global Debt Pile-Up READ MORE Warning Signs: Recent Bank Failures and the Fragile Global Financial System READ MORE Major Win for Consumers: Credit Card Late Fees Reduced by CFPB Ruling READ MORE Dow and S&P 500 Dip Amid Rising Treasury Yields and Rate Cut Speculations READ MORE Copper Prices Dip Amidst Dollar Strength and China's Real Estate Slump READ MORE Add a Comment Cancel replyYour email address will not be published.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
