Trust/Investments NewsLink
The Federal Reserve Board and Securities and Exchange Commission have released a white paper discussing possible structural changes in the settlement of government securities, and have requested public comment on it.
The paper, published last month in the Federal
Following the Sept. 11, 2001, terrorist attacks, the agencies held discussions with market participants concerning vulnerabilities in the settlement of government securities. Market participants were interested in exploring structural changes in the provision of settlement services for government securities, including the concept of establishing a utility to conduct settlement.
Comments are requested by Aug. 12, 2002. To view the white paper, go to:
www.federalreserve.gov/
BoardDocs/Press/other/2002/ 20020509/attachment.pdf.