Treasury to Release Regulatory Review of Capital Markets in October

According to a recent Reuters article, a top Treasury Department official stated on Monday that the agency's review of regulations on capital markets and derivatives will be released in October.

Craig Phillips, counselor to Secretary Steven Mnuchin, who is leading Treasury's efforts to revisit existing rules, said the forthcoming report will include recommendations on how to improve access to equity capital, how to make U.S. markets more competitive, as well as recommendations on equity and fixed income market structure. Reuters explains that the report will also look into how to "properly calibrate" rules imposed on the derivatives market. Speaking during a recent ISDA conference, Phillips made clear that the administration is looking at tailored changes to "end-user definitions, margin requirements for uncleared swaps, cross-border regulatory issues and position limits, among other issues."

This report is the second of four the Treasury Department is expected to release. Following the release of the first report, SFIG produced a Fact Sheet providing a "first look" at the report's key proposals which could impact the structured finance and securitization markets. SFIG will be sure to keep our members updated on the release of the second report and its potential impact on the securitization market.

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