trending Market Intelligence /marketintelligence/en/news-insights/trending/Fw8i255he64b8LvpuoZeDg2 content esgSubNav
In This List

Fed official cautions against over-regulation for Treasury markets

Blog

Banking Essentials Newsletter: October Edition

Blog

Post-webinar Q&A: Global Credit Risk Trends 2021 and Beyond

Blog

Shore Capital is Now Available in S&P Global’s Aftermarket Research Collection

Video

S&P Capital IQ Pro | Powered by Advanced Visualization


Fed official cautions against over-regulation for Treasury markets

U.S. Federal Reserve Gov. Jerome Powell said more regulation isn't always the answer to issues in the bond markets.

Still, he said, while rules sometimes won't be able to address the flexibility that market participants require, regulators must find ways to ensure that trading is fair to all participants, Powell said in a speech to the Treasury Market Practices Group in New York on Oct. 5.

The group "plays an important role in helping to 'fill in the cracks' between the competing regulations that various Treasury market participants face," he said.

This role is especially important for Treasury markets now, with banks being ordered to hold larger amounts of safer assets to meet capital requirements, he said.

Powell is one of several candidates who reportedly have been interviewed by the White House as a potential replacement for Fed Chairman Janet Yellen.