Regulators Implement Enhanced Oversight And Propose Transparency For The Treasury Market

Introduction

On October 24, 2016, the Federal Reserve Bank of New York (FRBNY) held a conference on "The Evolving Structure of the US Treasury Market" (Conference). The Conference was a sequel to the first annual such event where oversight agencies pledged to work together to better understand and regulate the market for US Treasury securities. The Conference included the Department of the Treasury (Treasury), the Board of Governors of the Federal Reserve System (FRB), the FRBNY, the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) (collectively, Agencies). Presenters included the Honorable Mary Jo White (chair of the SEC), the Honorable Timothy Massad (chair of the CFTC), Antonio Weiss (counselor to the secretary of the Treasury) and the Honorable Jerome H. Powell (governor, FRB). The Conference also included several panels where representatives of the Financial Industry Regulatory Authority (FINRA), the CFTC, the FRB and