SIFMA

SIFMA today released the following statement from Tim Ryan, president and ceo after the Commodity Futures Trading Commission's adoption of a proposal implementing the Volcker Rule.  

Tim Ryan, president and ceo of SIFMA, today issued the following statement on the final regulations for position limits for futures and swaps issued today by the Commodity Futures Trading Commission:

SIFMA today released the following statement from president and ceo Tim Ryan in reaction to the Volcker Rule proposal discussed at today’s Federal Deposit Insurance Corporation (FDIC) meeting. The proposal was co-drafted by the U.S. Department of Treasury’s Office of the Comptroller of the Currency (OCC), the Federal Reserve Board (FRB), FDIC and the Securities and Exchange Commission (SEC).

The Securities Industry and Financial Markets Association (SIFMA) today announced that James McHale has joined SIFMA as managing director and associate general counsel.

“Jim brings a great deal of experience and background in the securities industry,” said Ira Hammerman, Senior Managing Director and General Counsel at SIFMA. “He will be a valuable addition to our strong legal team and for our members.”

The Securities Industry and Financial Markets Association (SIFMA) today released the following statement from president and ceo T. Timothy Ryan, Jr. upon the House of Representatives passing the Wall Street Reform and Consumer Protection Act of 2009.

The Securities Industry and Financial Markets Association (SIFMA) today released a statement from Kenneth E. Bentsen, Jr., executive vice president, public policy and advocacy, in response to Senate Banking Committee Chairman Christopher Dodd’s proposed regulatory reform legislation:
 

The Securities Industry and Financial Markets Association today released a statement from Ken Bentsen, executive vice president, Public Policy and Advocacy in response to the House Financial Services Committee’s passage of the Over-the-Counter Derivatives Markets Act of 2009.
 

James Hill, managing director of Morgan Stanley & Co. today testified before the House Financial Services Committee on draft legislation—the Over-the-Counter Derivatives Markets Act of 2009—which would bring significant reforms to the over-the-counter derivatives (OTC derivatives) market.
 
“There is much in the Act that SIFMA and its members support and we believe it includes many significant improvements over the Administration’s proposed legislation from last August,” Hill said in prepared testimony.
 

The Securities Industry and Financial Markets Association (SIFMA) today submitted a comment letter in response to the Securities and Exchange Commission’s (SEC) recent Proposed Rule to ban the use of third-party placement agents, and institute a new pay-to-play regulation regime for investment advisers.
 

The Securities Industry and Financial Markets Association (SIFMA) today responded to some of the initiatives launched by the G-20 this week, including barriers to global markets, executive compensation, over-the-counter derivatives (OTC derivatives) and the aggregate impact of these reform measures. Tim Ryan, president and ceo of SIFMA, made the following statements: