LIBA and SIFMA announce intention to form new independent European association

This new, strengthened, and independent association is expected to be a unified, influential voice in issues affecting the international, European, and UK capital markets. Read Full Press Release.

SIFMA files amicus brief defending junior underwriters

May 6, 2009: On behalf of its members, SIFMA filed an amicus brief which opposed the lead plaintiff’s legal theory that junior underwriters cannot assert a due diligence defense where they relied upon the lead underwriters in the syndicate, who performed exhaustive due diligence on behalf of the syndicate as a whole. If adopted, SIFMA warned, plaintiffs’ theory would offer no additional investor protection, but would simply result in smaller and less diverse underwriting syndicates.

Briefing Papers

SIFMA Members Only

Global Advocacy Issues: Discussion Slides
While many international regulatory and legislative reform proposals are running in parallel, regional political realities are resulting, in some cases, in differing approaches that will have implications for the way we run our businesses and serve our customers.
To promote a more coherent and better understanding of these issues, SIFMA has developed one-page descriptions of the key issues undergoing reform in the US, the EU, and globally. - May 1, 2009

Global Developments in Compensation in the Financial Services Sector - April 17, 2009

Global Developments in CDS Markets - March 24, 2009

SIFMA on PPIP

SIFMA welcomes the PPIP and will be an active participant in discussions regarding PPIP and its execution.

Click here for comprehensive information on the Public-Private Investment Program, including:

- SIFMA’s Comment Letter to the FDIC Re: FDIC’s Program Description and Request for Comments on the Legacy Loans Program under the Public-Private Investment Program (PPIP);
- Replay of SIFMA's Member Call on PPIP;
- DPW Analysis of PPIP;
- Mayer Brown White Paper on PPIP;
- And More.

Committee Hearing

Hear the testimony of SIFMA President and CEO, Timothy Ryan in front of the House Committee on Financial Services at the Hearing on H.R. 1728, the Mortgage Reform and Anti-Predatory Lending Act of 2009 - April 23

Treasury Market Practices Group (“TMPG”)

This Group has recommended a new practice that imposes a fails charge relating to Treasury securities trades. Various groups within SIFMA, including asset managers and custodians, have developed procedures to implement this TMPG recommendation as of May 1st. Please, click here for information about an April 23rd event describing the specific elements of this new market requirement.

FINRA Comment Letter

Read SIFMA’s comment letter to FINRA, filed April 3rd, regarding its proposed changes to the document production lists in the “Discovery Guide.” SIFMA supports the goal of improving the discovery process in arbitration, but also expresses specific concerns regarding the proposed changes.

2009 Committees

The building blocks of our advocacy efforts. View Committee Guide Here.
April 2009

Federal Facilities

Visit our new web page for an up to date summary of the various US federal facilities.