SEC Chair Gensler Advocates for Accelerated Settlement in Currency Markets Gary Gensler, the chair of the U.S. Securities and Exchange Commission (SEC), has advocated for the incorporation of foreign exchange markets into the global initiative to shorten trade settlement times. Speaking at an event in Brussels, Gensler proposed reducing the timeframe for finalizing financial market deals, including currency trades, to a single day. This suggestion aligns with comments from Mairead McGuinness, the EU’s top financial services official, who indicated the EU’s intention to transition securities settlements to a one-day window. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Japan’s finance minister says ‘speculative’ moves in currency market impacting yen READ MORE January 2024: Europe's Record-Breaking Bond Sales READ MORE Gold Hits Record High: What's Next for the Bullion Market? READ MORE Oil falls 1% on sticky US inflation, dampened geopolitical risk premium READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment