Federal agencies propose shortening settlement cycle for securities sales

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?

Subscribe or register with Providence Business News to keep reading.

REGISTER
for 2 more stories

Subscribe now for $1 for 4 weeks
Already a Subscriber? Login now

Purchase NowWant to share this story? Click Here to purchase a link that allows anyone to read it on any device whether or not they are a subscriber.

- Advertisement -