MFA Submits Comment Letter on U.S. Treasury’s RFI on Post-Trade Transparency

On August 26, 2022, MFA submitted a comment letter in response to the U.S. Treasury’s notice seeking public comment on additional transparency for secondary market transactions of Treasury securities.

MFA believes that the correct approach is one that is gradual and calibrated, and that recognizes that Treasury securities with different characteristics should be subject to different requirements. We further believe that Treasury, while taking into account the particular characteristics of the Treasury securities market, should leverage the efforts of other regulators, such as the Commodity Futures Trading Commission (“CFTC”) with respect to its real-time public reporting regime for swaps and the Financial Industry Regulatory Authority’s (“FINRA”) Trade Reporting and Compliance Engine (“TRACE”) reporting regime with respect to certain fixed income securities in setting additional transparency requirements.