Remarks Of Craig Phillips, Counselor To The US Treasury Secretary, On Market Structure

Introduction
Good morning. Let me begin by thanking the Federal Reserve Bank of New York for co-hosting this important conference on the evolving structure of the U.S. Treasury Market. This conference is a critical forum for communication among the official sector and private sector Treasury market participants, which is a necessary ingredient for well-informed policy decision making. This morning I will provide an update on Treasury's initial analysis of the TRACE data. I will also review a few other important work streams at Treasury, including Treasury's recent report outlining ways to streamline and reduce burdens of capital market regulation.