Atkins identifies failed trades as a critical implementation issue still being worked on.
“We continue to work on other questions related to implementation, including the treatment of failed trades, which market participants have identified as critical to their preparations.”
Atkins acknowledges market concerns about Basel III rulemaking's effect on Treasury clearing transactions.
“We are aware that concerns have been raised by certain market participants regarding the recent Basel III notice of proposed rulemaking and its potential effect on transactions subject to the Treasury Clearing Rule.”