WASHINGTON – Federal agencies last week proposed a new rule to shorten the settlement cycle for securities sales, which could save broker-dealers and financial institutions millions. The Office of the Comptroller of the Currency and the Federal Deposit Insurance Corp. issued a joint proposal that would reduce the standard settlement cycle for securities purchased or…
Want More Free?
To access 2 more articles, please log in or register for free.
Registered users get access to a limited number of free articles every month.