U.S. regulators publish progress report on Treasury market overhaul
WASHINGTON, Nov 8 (Reuters) - U.S. regulators are assessing potential policies to increase the resilience of the U.S. Treasury market, including improving market data quality, boosting oversight of trading venues, and introducing central clearing, according to a Treasury Department-led report published on Monday.
After a massive sell-off in March 2020 prompted the U.S. Federal Reserve to buy $1.6 trillion of Treasuries to increase stability, regulators have been studying ways to improve market resilience.
Monday's report by the Inter-Agency Working Group for Treasury Market Surveillance provides an update on areas regulators are exploring, but does not provide policy recommendations. (Reporting by Michelle Price; Editing by Richard Chang)
