The Securities Industry Association (SIA) and the Bond Market Association (BMA) have announced that they will merge to form the Securities Industry and Financial Markets Association (SIFMA).
Wall Street performs the largest business continuity test since Y2K.
Broker-dealers in the US are having to cope with the SEC's capital requirements, while still being somewhat in the dark about the upcoming Basel II framework. By Choongo Moonga
American broker-dealers are opposed to some of the proposals recently published by the Basel Committee to improve the management of market risks.
Three financial services trade associations released a critical joint response to the US banking agencies' proposed rule on complex structured transactions in mid-July.
The Securities and Exchange Commission (SEC) has approved a rule that allows certain broker dealers to use internal models to determine their capital requirements. The Commission believes the rule would improve its oversight of broker-dealers.
The Securities Industry Association has proposed a system of Web-based and toll-free telephone disclosure of brokerage firms' relationships with mutual-fund companies. SIA said this would provide investors with thorough, easy-to-understand disclosure of…
The Securities Industry Association's Data Management Division has announced guidelines to direct the industry in order routing, clearing and settling equities and options during an unexpected market close.
The Securities Industry Association (SIA) has urged the Securities and Exchange Commission (SEC) and the Committee of European Securities Regulators (CESR) of the European Union (EU) to forge a framework to achieve regulatory convergence.
SEC rule on broker-dealers must be equivalent to the EU Directive on Financial Conglomerates, says SIA
The Securities Industry Association (SIA) has urged the Securities and Exchange Commission (SEC) and the US Department of Treasury to ensure that the proposed rule on the Alternative Net Capital Requirements for Broker-Dealers that are part of…
The Securities Industry Association (SIA) has defended revenue sharing, a practice in which a mutual fund adviser pays additional compensation to a broker-dealer or other financial intermediary for additional administrative services, such as marketing…
The DTCC's initiative to stake a greater claim to the corporate action space presents stiff competition or new opportunity, depending on the perspective.
Broker-dealers say vague wording in SEC rule 17a-4 will make compliance with the rule unnecessarily costly and burdensome.
Dividend payments, stock splits, name changes, spin-offs and other corporate actions impacting securities already held in accounts were not supposed to be affected by T+1. But as the deadline for shortening the trade settlement cycle is challenging firms…