Tenev: Faster trade settlement reduces systemic risk and collateral needs
Vlad Tenev · Robinhood: Vlad Tenev · Apr 12, 2021 · at 1:16:24
Robinhood CEO Vlad Tenev explains how moving to real-time settlement would prevent clearinghouse collateral spikes like those seen in the GameStop trading freeze.
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“I think certainly, you know, we're pushing for faster settlement, because that's in service of the financial system, and making sure that the system operates smoothly, and there's less need for money to be put up as collateral, because the risk would correspondingly be reduced.”
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