SIFMA today submitted a letter to Mary Jo White, chair of the Securities and Exchange Commission (SEC), in response to her recent statement on the SEC's review of Securities Industry Processors (SIPs) following the August 22nd SIP outage that led to a halt in trading of NASDAQ-listed securities.
The Securities Industry and Financial Markets Association (SIFMA), the International Swaps and Derivatives Association, Inc. (ISDA), and the Institute of International Bankers (IIB) today filed a legal challenge to the Commodity Futures Trading Commission's (CFTC) Interpretive Guidance and Policy Statement Regarding Compliance With Certain Swap Regulations ("Cross-Border Rule"), and to the cross-border aspects of related rules. The Cross-Border Rule was published by the CFTC in July 2013.
In the wake of a cyber-attack simulation, US financial services industry trade body Sifma has called on politicians to bring in legislation designed to improve communication between the government and private firms.
SIFMA today sent a letter to the Securities and Exchange Commission to request a review of the regulatory structure of broker-dealers, exchanges, and the self-regulatory model.
SIFMA today released the following statement from Karl Schimmeck, vice president, financial services operations, upon completion of the Quantum Dawn 2 cybersecurity exercise.
SIFMA today released the following statements after the Commodity Futures Trading Commission (CFTC) voted on final rules governing swap execution facilities (SEFs).
The US Securities Industry and Financial Markets Association presents a compendium of post-flash crash studies into HFT behaviour.
US President Barack Obama has signed a cybersecurity executive order designed to improve collaboration and information sharing between the government and critical infrastructure providers such as banks.
Kevin Cullen of Information Mosaic, the world's most trusted software company, has been appointed to the Securities Industry and Financial Markets Association (Sifma) Industry Leadership Committee of its Corporate Actions Section in the Operations & Technology Society.
SIFMA today announced that T. Timothy Ryan Jr., President and CEO, has submitted his resignation and will depart SIFMA on February 23.
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