The Evolving Role of the Operations Professional
The role of the financial services operations professional is evolving faster than ever before. Ahead of SIFMA's 2025 Operations and…
Third-Party Resilience: Increasing Transparency
A Paper from SIFMA and Protiviti Dated: April 9, 2025 Overview The threats faced by financial institutions are vast, multi-faceted…
What the New Treasury Clearing Timeline Means for Markets
In this episode of The SIFMA Podcast, SIFMA's COO, Joseph Seidel sits down with Robert Toomey, the head of our…
Regulated Settlement Network Proof-of-Concept
The Regulated Settlement Network Proof-of-Concept (RSN PoC) set out to explore the capability of shared ledger technology to address how…
Members of the U.S. Financial Sector Demonstrate Feasibility of Multi-Asset and Cross-Network Settlement Using Shared Ledger Technology
The Regulated Settlement Network Proof-of-Concept demonstrated the potential of shared ledger technology to upgrade multi-asset and cross-network transaction settlement for…
US Treasury Central Clearing: Industry Considerations Report
Dated: November 13, 2024 Introduction On December 13, 2023, the SEC voted 4-1 to approve a final rule, “Standards for…
Heard at Ops: What’s Next for Operations
Dive into the 2024 edition of our Heard at Ops video series to discover how industry and operations leaders are…
SIFMA Conducts Successful Industry-Wide Business Continuity Test
New York, NY, October 7, 2024 – SIFMA today issued the following statement from Charles DeSimone, SIFMA managing director and…
Top 5 Takeaways from SIFMA’s 2024 Ops Conference
In this episode of the SIFMA Podcast, Ken Bentsen, SIFMA’s president, and CEO, sits down with Stephen Byron, Managing Director,…
Operations Conference & Exhibition Debrief, 2024
Perspectives & Key Themes from Market Participants Recently, SIFMA hosted our Operations Conference & Exhibition. Here we gained insights into…
T+1 After Action Report
On May 28th, the United States securities market moved to an accelerated settlement cycle of one day after trade date…
SIFMA, ICI, and DTCC Release “T+1 After Action Report” Industry Coordination Led to Successful Transition, Reducing Risk and Costs in the System
Washington, DC, September 12, 2024 – The Securities Industry and Financial Markets Association (SIFMA), Investment Company Institute (ICI), and The Depository…
Sullivan & Cromwell and Digital Asset to Join the Regulated Settlement Network Proof-of-Concept
Industry proof-of-concept is investigating the potential for shared ledger technology to upgrade liquidity management and financing for domestic users of…
SIFMA Appoints Stephen Byron Managing Director, Head of Technology, Operations and Business Continuity
Washington, D.C., July 9, 2024 – SIFMA today announced Stephen Byron has been appointed Managing Director, Head of Technology, Operations…
ICI, SIFMA and DTCC Comment on U.S. Move to T+1
Washington, DC, May 31, 2024—Today, the Investment Company Institute (ICI), the Securities Industry and Financial Markets Association (SIFMA), and DTCC…
SIFMA Statement on First Day of T+1 Settlement
New York, NY, May 29, 2024 – SIFMA today issued the following statement from Tom Price, managing director and head…
SIFMA Statement on Today’s Transition to T+1 Settlement
New York, NY, May 28, 2024 – SIFMA today issued the following statement from Tom Price, managing director and head…
SIFMA Statement on the Transition to T+1 Settlement
New York, NY, May 24, 2024 – SIFMA today issued the following statement from Tom Price, managing director and head…
Ready for T+1: The Final Countdown
In this final week before the transition to a T+1 settlement cycle, SIFMA's Tom Price discusses the industry's readiness, reviews…
Members of the U.S. Financial Sector to Explore Multi-Asset Settlement Using Shared Ledger Technology
Industry proof-of-concept (PoC) investigates potential of shared ledger technology to upgrade liquidity management and financing for domestic users of U.S.…
SIFMA’s Quantum Dawn VII Exercises Industry Preparedness for a Critical Third-Party Outage
New York, NY, May 1, 2024 – SIFMA today released the after-action report from its biennial Quantum Dawn VII cybersecurity exercise…
Cybersecurity Exercise: Quantum Dawn VII
Quantum Dawn is a series of cybersecurity exercises that enable financial institutions and the sector, as a whole, to practice…
The Move to T+1: The Final 30 Days
In this episode of SIFMA's podcast, Kenneth E. Bentsen, Jr., SIFMA President and CEO, and Tom Price, Managing Director of…
50 Days To T+1 Transition – The Last Mile
The transition to a T+1 settlement cycle has been a multi-year project that eclipses the effort it took to transition…
Operational Resilience Framework for Futures Commission Merchants, Swap Dealers and Major Swap Participants (SIFMA and IIB)
SIFMA and the Institute of International Bankers (IIB) provided comments to the Commodity Futures Trading Commission (CFTC) on their rule proposal…
Word on the (Clear) Street: Counting Down to T+1 with SIFMA’s Tom Price
In this episode of the Clear Street Podcast, SIFMA’s Tom Price sat down with Clear Street's John Oleon and Andy…
Testing, Testing: SIFMA Successfully Completes Quantum Dawn VII Cybersecurity Exercise
Recently, SIFMA held its Quantum Dawn VII cybersecurity exercise, which simulated a scenario with a data destruction event at a…
SIFMA Conducts Successful 2023 Industry-Wide Business Continuity Test
New York, NY, October 16, 2023 – SIFMA today issued the following statement from Charles DeSimone, SIFMA managing director, technology…
Principles for Data Recovery from a Severe Cyber Scenario
Overview: Financial institutions build and sustain capabilities to mitigate the impact of events that may compromise the confidentiality, integrity or…
Digital Dollar Dilemma: The Implications of a Central Bank Digital Currency and Private Sector Alternatives
House Committee on Financial Services Subcommittee on Digital Assets, Financial Technology, & Inclusion Digital Dollar Dilemma: The Implications of a…
Heard at Ops: Returning to Fundamentals with Andrés Choussy
As part of the Heard at Ops series, Andrés Choussy of FIS explains why firms are returning to the fundamentals,…
Heard at Ops: Enhancing Cybersecurity and Preparedness with Andrew Retrum
As part of the Heard at Ops series, Andrew Retrum of Protiviti talks about the latest cyber threats, the ION…
Heard at Ops: Creating Strategies for Data with Greta Lovenheim
As part of the Heard at Ops series, Greta Lovenheim of PwC describes the shifting skill set for operations professionals…
Heard at Ops: Applying Intelligent Automation with Alberto Jiménez
As part of the Heard at Ops series, Alberto Jiménez of IBM discusses how operations teams can position themselves for…
Heard at Ops: Transforming the Customer Experience with Tim Gokey
As part of the Heard at Ops series, Tim Gokey of Broadridge describes the current state of digital transformation in…
Heard at Ops: New Tech and Modernizing Talent Experiences with Stefanie Coleman
As part of the Heard at Ops series, EY’s Stefanie Coleman shares her perspective on the potential of blockchain and…
Heard at Ops: Doing Better by Our Clients, Teams, and Industry with Stephen C. Daffron
As part of the Heard at Ops series, Stephen C. Daffron explains the role of data science in financial services,…
Heard at Ops: Transitioning to T+1 with Bob Walley
As part of the Heard at Ops series, Bob Walley of Deloitte describes where firms should be now in their…
Heard at Ops: Leading Through Change with Debra Guarino
As part of the Heard at Ops series, Debra Guarino of BNY Mellon | Pershing talks about the focus on…
Heard at Ops: Building Partnerships to Shape the Future with Frank La Salla
As part of the Heard at Ops series, Frank La Salla discusses several key DTCC focus areas, plans for shaping…
Heard at Ops: The 2023 Series
In this edition of Heard at Ops, CEOs, senior executives, and thought leaders share their perspectives on T+1, automation and…
SIFMA, Joint Trades Support Advancement of FISMA
Washington, D.C. — SIFMA joined the Bank Policy Institute and the American Bankers Association in issuing the following statement in…
Operations Conference & Exhibition Debrief, 2023
Perspectives & Key Themes from Market Participants Recently, SIFMA hosted our Operations Conference & Exhibition, the 50th anniversary of the…
Future of Operations: Scaling Alternative Assets
There is no universal definition of alternative asset classes. Although there is some broad agreement that assets like private equity…
2023 Operations Conference & Exhibition
Pre-Conference Survey Results Ahead of SIFMA’s 2023 Operations Conference & Exhibition, we executed a pre-conference survey of attendees and select…
Delay in Treasury Payments: Playbook & Discussion of Scenarios
This deck and related playbook represent work undertaken by SIFMA members along with key market infrastructure stakeholders to understand the…
SIFMA, SIFMA AMG Submit Comments on Swing Pricing and Open-End Fund Liquidity Risk Management Programs
Washington, DC, February 14, 2023 – SIFMA and SIFMA Asset Management Group (SIFMA AMG) today filed comment letters expressing strong…
Open-End Fund Liquidity Risk Management Programs and Swing Pricing
SIFMA provided comments to the U.S. Securities and Exchange Commission (SEC) on the above referenced rule proposal. In addition to…
SIFMA Calls to Standardize Corporate Action Announcements
New York, NY, February 9, 2023 – SIFMA today issued a “U.S. Corporate Actions Standardization Position Paper.” The paper, which…
Cyber Incident Reporting for Critical Infrastructure Act of 2022 (Joint Trades)
SIFMA, Bank Policy Institute (BPI), American Bankers Association (ABA) and Institute of International Bankers (IIB) submitted comments to the Cybersecurity…
Transfer of Customer Assets
Guidance and Best Practices for Continued Modernization
Insider Threat: Not Just a Technology Issue
September is National Insider Threat Awareness Month. Launched in 2019 by U.S. intelligence agencies and the DHS to increase awareness…
The Move to T+1
In this episode of The SIFMA Podcast, SIFMA's Ken Bentsen sits down with Tom Price and Anthony Macchiarulo to discuss…
A Playbook for the Move to T+1
In 2024, the current trade settlement timeframe will be halved, moving from the current trade date plus two days (T+2)…
T+1 Industry Implementation Playbook
Including a detailed implementation schedule, interim milestones, and identified dependencies Download Report Executive Summary In 2017, the standard settlement cycle…
Heard at Ops: PwC’s Chris Pullano on Treasury market resiliency
As part of the Heard at Ops series, Chris Pullano, Partner at PwC, discusses why regulators are looking at reforms…
Heard at Ops: Protiviti’s Keith Zielenski on new tech adoption and upskilling
As part of the Heard at Ops series, Keith Zielenski, a Managing Director at Protiviti, talks about keeping up with…
Heard at Ops: DTCC’s Murray Pozmanter on the importance of operations partnership
The operations team must closely partner across the business and IT to ensure the right outcomes. As part of the…
Heard at Ops: EY’s Stefanie Coleman on rethinking performance management
As part of the Heard at Ops series, Stefanie Coleman, Principal, People Advisory Services at EY explains why it’s becoming…
Heard at Ops: Broadridge’s Tim Gokey on driving digital transformation
The challenge companies will face in the coming year will be managing regulatory changes while not losing momentum on digital…
Heard at Ops: Part 2 of the 2022 Series
Watch the videos and read the conversations: topics range from digital transformation, resiliency, and talent to managing concurrent industry and…
When is a Digital Asset a Security?
The process of evaluating whether or not a specific digital asset would be considered a security relies on the existing…
Pre-Conference Survey Comparison, Spring 2022
Ahead of several of SIFMA’s marquee conferences, we executed a pre-conference survey of attendees and select SIFMA members. While each…
Heard at Ops: Kyndryl’s Soneel Raj on operations facing an inflection point and how to evolve
As part of the Heard at Ops series, Soneel Raj, US General Manager for Financial Services at Kyndryl outlines the…
Heard at Ops: Sia Partners’ Bharat Sawhney on streamlining alternative investment operations
As part of the Heard at Ops series, Bharat Sawhney, Partner, Wealth & Asset Management, at Sia Partners describes the…
Heard at Ops: Deloitte’s Bob Walley on planning for T+1
As part of the Heard at Ops series, Bob Walley, Principal, Financial Services at Deloitte talks T+1: stay connected and…
Heard at Ops: IBM’s Ritika Gunnar on AI in financial services
As part of the Heard at Ops series, Ritika Gunnar, Vice President of IBM Expert Labs, explains why the time…
Heard at Ops: FIS’ Andrés Choussy on the convergence of digital and traditional assets
As part of the Heard at Ops series, Andrés Choussy, Senior Vice President & Product Management Group Executive at FIS,…
Heard at Ops: Part 1 of the 2022 Series
Watch the videos and read the conversations: topics range from AI and the convergence of traditional and digital assets to…
The 2022 Operations Conference & Exhibition Debrief
Recently, SIFMA hosted our annual Operations Conference & Exhibition. With three days of presentations and events and over 750 attendees,…
The State of the Markets, Their Regulation and Their Resiliency
In this far-ranging discussion at the 2022 Operations Conference & Exhibition, Kenneth E. Bentsen, Jr., SIFMA's president and CEO, sits…
SIFMA Supports Accelerating the Settlement Cycle to T+1
Washington, D.C., April 14, 2022 – In a comment letter on the SEC’s proposal to shorten the securities transaction settlement…
Financial Sector’s Global Cybersecurity Readiness Exercised by Quantum Dawn VI
New York, NY, March 31, 2022 – SIFMA today released the summary of key recommendations from its biennial Quantum Dawn…
SIFMA Statement on SEC Proposal to Accelerate the Settlement Cycle
Washington, D.C., February 9, 2022 – SIFMA today issued the following statement from president and CEO Kenneth E. Bentsen, Jr.…
T+0? More Risk, Fewer Benefits
As part of our work to shorten the settlement cycle from T+2 to T+1, we investigated whether the industry could…
Cybersecurity: Bolstering Market Resilience is a Collaboration Between the Regulated and the Regulators
SIFMA welcomes SEC Chair Gensler’s commitment to cybersecurity, as outlined in his recent remarks, as this has been and remains…
SIFMA, ICI and DTCC Lay Out Path to Shorten U.S. Securities Settlement Cycle to T+1 by First Half of 2024
Washington, DC/New York/London/Hong Kong/Singapore/Sydney, December 1, 2021 — The Securities Industry and Financial Markets Association (SIFMA), the Investment Company Institute…
Cybersecurity Exercise: Quantum Dawn VI
Quantum Dawn is a series of cybersecurity exercises that enable financial institutions and the sector, as a whole, to practice…
SIFMA’s Quantum Dawn VI – A Ransomware Exercise
SIFMA today hosted Quantum Dawn VI, the sixth exercise in our biennial series of cyber preparedness exercises. Cybersecurity is a…
SIFMA Statement on Completion of Quantum Dawn VI Cybersecurity Exercise
New York, NY, November 18, 2021 – SIFMA today released the following statement from Kenneth E. Bentsen, Jr., SIFMA president and…
Future of Operations: Simplifying Operations with Data
Firms are conducting wide-ranging overhauls designed to integrate data and analytics into workflows. The aim? Radically enhance the value of…
The Future of Operations Starts Now
This Q&A highlights the key takeaways and recurring themes from SIFMA Ops 2021: operational resiliency and innovation as well as…
Cybersecurity: A Top SIFMA Priority
The pandemic has put technology at the forefront of the financial services industry – transforming the way firms, advisors, clients,…
Remarks as Prepared for SIFMA’s Operations Conference – Ken Bentsen, SIFMA
Remarks as Prepared for the SIFMA Operations Conference & Exhibition Good morning. It is with great pleasure that I welcome…
Planning for Fedwire’s Expanded ACAP Service
Fedwire is expanding its Automated Claims Adjustment Process (ACAP) service in a number of areas. SIFMA is coordinating an industry…
The Move to T+1
As we near the end of our analysis of the work needed to get to T+1 settlement, we have gained…
Accelerating the Securities Settlement Cycle to T+1 in the United States
SIFMA and joint trades provided comments on shortening the settlement cycle to T+1. Shortening the settlement cycle is a significant…
Applying AI for Endless Possibilities in Post-Trade
Until recently, the application of advanced technology like artificial intelligence (AI) to the post-trade portion of capital markets has added…
Podcast: Operational Readiness
It is abundantly clear that COVID-19 will have lasting impacts. In this podcast, SIFMA president and CEO Kenneth E. Bentsen,…
A Shorter Settlement Cycle: One Step at A Time
SIFMA, The Depository Trust & Clearing Corporation (DTCC) and the Investment Company Institute (ICI) are committed to leading the industry’s…
SIFMA Comments on Digital Asset Securities Custody Framework
New York, NY, May 20, 2021 – In a comment letter filed today, SIFMA provides comments on the Securities and…
Q&A: Digital Asset Securities
Here, we explain digital assets and digital asset securities as well as the importance of developing a framework to meet…
Custody of Digital Asset Securities by Special Purpose Broker-Dealers
SIFMA provided comments to the SEC on Custody of Digital Asset Securities by Special Purpose Broker-Dealers. Like many other industry participants…
Non-Objecting Beneficial Owners & Objecting Beneficial Owners, Explained
SIFMA members have a strong interest in ensuring that the shareholder communications and the proxy voting system continue to operate…
A Shorter Settlement Cycle: T+1 Will Benefit Investors and Market Participant Firms by Reducing Systemic and Operational Risks
SIFMA, ICI and DTCC recently announced their collaboration on efforts to accelerate the U.S. securities settlement cycle from T+2 to…
SIFMA, ICI and DTCC Leading Effort to Shorten U.S. Securities Settlement Cycle to T+1, Collaborating with the Industry on Next Steps
Washington, DC/New York/London/Hong Kong/Singapore/Sydney, April 28, 2021— The Securities Industry and Financial Markets Association (SIFMA), the Investment Company Institute (ICI),…
Podcast: Catching Up on the CAT
In the latest in SIFMA’s podcast series, SIFMA president and CEO Kenneth E. Bentsen, Jr. is joined by Ellen Greene,…
Accelerating Settlement: A Conversation with SIFMA and DTCC
SIFMA president and CEO Kenneth E. Bentsen, Jr. and DTCC president and CEO Mike Bodson discuss the DTCC's whitepaper on…
SIFMA Cautions Liability Provisions Under CAT NMS Plan Will Harm Investors
Washington, D.C., February 25, 2021 – A new report analyzing the economic impact of the proposed NMS Plan governing the…
SIFMA Statement on Shortening the Settlement Cycle
Washington, D.C., February 24, 2021 – SIFMA today issued the following statement from president and CEO Kenneth E. Bentsen, Jr.,…
Next-Gen Technology Pulse Survey – The Year of Digital Transformation
A recent survey found that the pandemic accelerated the speed of a shift to digital interaction, with 53% of firms…
US Negative Interest Rates Policy Checklist
The U.S. Negative Interest Rates Policy Checklist describes how certain capital markets products may be impacted in the event of…
SIFMA Issues Checklist in the Event US Interest Rates Turn Negative
New York, NY, December 21, 2020 – SIFMA today issued a white paper titled “U.S. Negative Interest Rates Policy Checklist.” …
GFMA Framework for the Regulatory Use of Penetration Testing in the Financial Services Industry
GFMA, in coordination with SIFMA, AFME and ASIFMA, published this Framework to create an agreed upon approach for regulators and…
BloombergTV: Innovation in the Capital Markets with Security Tokens
SIFMA president and CEO Kenneth E. Bentsen, Jr. joined Taylor Riggs and Kevin Cirilli on BloombergTV to discuss SIFMA’s whitepaper…
Podcast: Using Security Tokens to Facilitate Capital Formation
Emerging technologies such as distributed ledger technology and digital assets like security tokens offer new and cost-efficient methods of capital…
Security Tokens
Current Regulatory and Operational Considerations for Broker-Dealers and a Look Towards the Future SIFMA developed this whitepaper together with PwC…
SIFMA Issues White Paper on Digital Security Tokens
New York, NY, November 23, 2020 – SIFMA today issued a whitepaper titled “Security Tokens: Current Regulatory and Operational Considerations…
Ops Virtual Forum Debrief
Perspectives & Key Themes from Executives and Market Participants Recently, SIFMA virtually hosted its Ops Virtual Forum. With two days…
Podcast: Considerations for Managing a Pandemic
A discussion on initial lessons learned for business continuity planning, cybersecurity and operational resilience as well as considerations for the…
Podcast: Planning for Business Continuity and Disaster Recovery
In this podcast, Ken Bentsen, SIFMA President and CEO, along with Tom Price, managing director, and Charles DeSimone, vice president,…
SIFMA Statement on Successful Completion of Industry-Wide Business Continuity Test
New York, NY, October 26, 2020 – SIFMA today issued the following statement from SIFMA president and CEO Kenneth E.…
BloombergTV: Initial Lessons from Managing a Pandemic
SIFMA president and CEO Kenneth E. Bentsen, Jr. joined David Westin on BloombergTV to discuss initial lessons learned and considerations…
COVID-19: Initial Lessons Learned and Considerations for Managing a Global Pandemic
In this report, COVID-19: Initial Lessons Learned and Considerations for Managing a Global Pandemic, SIFMA and Protiviti discuss the range…
Future of Operations: Changing the Nature of Work
Workplaces in the financial services industry were already in the midst of a dramatic transformation when COVID-19 introduced an unprecedented…
SIFMA Statement on DTCC Dematerialization Whitepaper
Washington, D.C., September 29, 2020 – SIFMA today issued the following statement from SIFMA president and CEO Kenneth E. Bentsen,…
It’s Time for Regulators to Embrace E-Delivery to Meet Investor Needs for the 21st Century
With more than 90% of adults in the United States using the internet, nearly 89% filing federal taxes electronically—nearly 77%…
e-Delivery Report
Modernizing the Regulatory Communications Framework to Meet Investor Needs for the 21st Century September 2020 SIFMA, SIFMA AMG, The…
SIFMA Calls on SEC to Modernize the Regulatory Communications Framework to Meet Investor Needs for the 21st Century
Washington, D.C., September 22, 2020 – The Securities Industry and Financial Markets Association, the SIFMA Asset Management Group, the Financial…
How CEOs discover, introduce and implement emerging technology at their organizations
A recent survey found that nearly 80% of CEOs and their direct reports say that less than half of all…
Podcast: Searching for the ‘New Normal’ – A Business Continuity Planning Update
The financial industry's response to managing the global coronavirus pandemic (COVID-19)
Data Security Questions by Chairman Clayton on the Consolidated Audit Trail
SIFMA provided comments on the data security questions that was posed on March 17, 2020 to the Staff of the…
BloombergTV: SIFMA CEO on Safely Bringing Securities Industry Employees Back to Office
SIFMA president and CEO Kenneth E. Bentsen, Jr. joined DavidWestin on BloombergTV to discuss SIFMA's considerations for the financial industry…
The Evolution of the Fintech Narrative
Analyzing Opportunities in Capital Markets Capital markets have been impacted by the post financial crisis transformation of financial institution business…
The Future of Client Onboarding
New approaches from leading buy-side and sell-side firms for client lifecycle management Download Report Excerpt Onboarding: On the…
Application for Review of Action Taken by CAT LLC and Certain SROs in Violation of Exchange Act Sections 19(d) and 19(f)
SIFMA applies for review of action taken by Consolidated Audit Trail, LLC and certain Self-Regulatory Organizations (SROs) in violation of…
Request for Regulatory Relief Relating to Delivery Timeframes for Regulatory Communications
SIFMA provided comments to the Securities and Exchange Commission (SEC) regarding relief from certain delivery timeframes for regulatory communications during…
COVID-19 Shelter in Place Directives
SIFMA provided comments to the National Governors Association (NGA) in regards to the COVID-19 global pandemic and any potential “shelter-in-place”…
Podcast: COVID-19 and Operational Resiliency
The novel coronavirus (COVID-19) is front and center across the world. In this podcast, Ken Bentsen, SIFMA President and CEO,…
BloombergTV: Wall Street Works From Home
SIFMA president and CEO Kenneth E. Bentsen, Jr. joined David Westin on BloombergTV to discuss how the financial services industry…
Financial Sector’s Cybersecurity Global Readiness Exercised by Quantum Dawn V
New York, NY, February 27, 2020 – SIFMA today released the summary of key recommendations from its biennial Quantum Dawn…
SIFMA Statement on the Consolidated Audit Trail
Washington, D.C., December 10, 2019 – SIFMA today released the following statement from Kenneth E. Bentsen, Jr., SIFMA President and CEO,…
Podcast: Quantum Dawn V – Ensuring Robust Partnership Between Industry and Government
There is likely no greater threat to financial stability than a large-scale cyber incident. Quantum Dawn V, a global cybersecurity…
SIFMA Statement on Completion of Quantum Dawn V Cybersecurity Exercise
New York, NY, November 7, 2019 – SIFMA today released the following statement from Kenneth E. Bentsen, Jr., SIFMA president and…
Cybersecurity Exercise: Quantum Dawn V
Quantum Dawn is a series of cybersecurity exercises that enable financial institutions and the sector, as a whole, to practice…
Heard at Ops: A Video Series
In this video series, hear from top financial operations leaders on how the industry is responding to the dynamic and…
OCC Innovation Pilot Program Proposal
SIFMA provided comments to the Office of the Comptroller of the Currency’s (OCC) on their proposal to create an Innovation…
Firm’s Guide to the Consolidated Audit Trail
The Securities and Exchange Commission (SEC) is creating a Consolidated Audit Trail (CAT) that would enable regulators to track all…
What Asset Managers Need to Know About SOC Reports
With many recent changes to the System and Organization Controls (SOC) reports guidelines, SIFMA AMG and BDO have prepared this…
Future of Operations: Finding a Home for Fintech
Could new technologies free your workforce from ‘soulless business processes’ and allow them to focus on value-added client engagement? In…
From the Jetsons to Alexa: The Future Is Now
Remember that TV show, The Jetsons? It was this fun, quirky show full of all these tools and technologies that…
Operations for the Future: Diversity for Success
At SIFMA’s 2019 Operations Conference & Exhibition, conversations revolved around the evolving role of the operations professional. A pivotal factor…
Remarks as Prepared for SIFMA Ops 2019 – Joe Seidel, SIFMA
As I look at the operations space, I see two perspectives – we are operating on the offense or the…
Remarks as Prepared for SIFMA Ops 2019 – Ken Bentsen, SIFMA
As we develop this conference, we look back at the changes over the last year, of course, but even more…
Current Trends in Technology and Innovation and Their Impact on the ‘Investment Bank of the Future’
Coming at a time of economic challenges, post-crisis regulations, and elevated client expectations, trends in new technology and innovation provide…
Implementing Technology at Scale: Looking Beyond the Hype
The way technology will revolutionize finance was part of every conversation at SIFMA’s 2018 Annual Meeting in Washington, DC.
SIFMA Executive Vice President Randy Snook Remarks as Prepared for the SIFMA’s 2018 Fintech Conference
Good afternoon and thank you all for joining us here today. Before I begin, I’d like to thank all of…
SIFMA Executive Vice President Randy Snook Remarks as Prepared for the SIFMA’s 2018 Operations Conference and Exhibition
Good morning. Welcome to the second day of programming for SIFMA’s Operations Conference & Exhibition. This event is about more…
SIFMA President and CEO Kenneth E. Bentsen, Jr. Remarks as Prepared for SIFMA’s 2018 Operations Conference and Exhibition
Good morning. It’s my pleasure to welcome you to SIFMA’s 45th Annual Operations Conference and Exhibition. For more than four…
Best Practices for Insider Threats
SIFMA has created an updated Insider Threat Best Practices Guide (“Guide”) to help provide a framework for firms’ insider threat…
Amendments to the Fee Schedule for Industry Members Related to the NMS Plan Governing the Consolidated Audit Trail
SIFMA sent comments to the SEC to provide further comments on the above-referenced proposed rule change filed by the Self-Regulatory…
Data Protection Principles
Financial companies need to collect and share sensitive information to run their everyday business. Members of SIFMA’s Data Protection Working…
Global Cybersecurity: A Shared Objective that Demands an Integrated Approach
Cybersecurity and data protection were top of mind at SIFMA’s 2017 Annual Meeting, The Capital Markets Conference. Held during National…
SIFMA Statement on Completion of Quantum Dawn IV Cybersecurity Exercise
New York, NY, November 9, 2017 – SIFMA today released the following statement from Kenneth E. Bentsen, Jr., SIFMA president and…
Cybersecurity Exercise: Quantum Dawn IV
Quantum Dawn is a series of cybersecurity exercises that enable financial institutions and the sector, as a whole, to practice…
Rule 613 CAT and CAT NMS Plan – Request for Extension of Compliance Date and Consideration of Targeted Changes to the Rule
SIFMA provides letter to the Securities and Exchange Commission (SEC) to regarding the Consolidated Audit Trail (CAT) and to request…
SIFMA Testifies on Cybersecurity Priorities
Washington, DC, November 1, 2017 – SIFMA president and CEO, Kenneth E. Bentsen, Jr., today testified on cybersecurity before the…
The Hill: Bolster Cyber Defenses with Streamlined Regulation
The following op-ed was originally published in The Hill on November 1, 2017. Cyber crime is now a bigger criminal…
New York Department of Financial Services’ Proposed Rulemaking on Cybersecurity Requirements for Financial Services Companies
SIFMA, together with the American Bankers Association (“ABA”), the Financial Services Roundtable (“FSR/BITS”), and the Financial Services Sector Coordinating Council…
T+2: Faster Trade Settlement is Here
After much planning, testing and coordination, the U.S. financial services industry has successfully transitioned to a trade date plus two-days…
T+2 Fact Sheet
Effective September 5, 2017, U.S. securities markets transitioned to a two-day settlement cycle for in-scope securities including U.S. equity, corporate…
Financial Services Industry Shortens Trade Settlement Cycle in the U.S., Marking the Most Significant Change in Two Decades
Two-day settlement cycle reduces risk and enhances U.S. market structure by improving market safety and providing efficiency for investors. New York/London/Hong…
Cyber Insurance Program
Every financial firm has an obligation to be vigilant in our industry’s commitment to cybersecurity. The results of the recent…
T+2 Command Center
Thank You With double settlement complete, we are now operating in a T+2 regular way settlement environment. The T+2 Command…
Transformative industry changes are bringing new ways to understand customers and markets
When SIFMA hosted its 2017 Operations Conference & Exhibition in Florida, technology, regulation and compliance operations dominated the discussions. Over…
Cybersecurity Guidance for Small Firms
As small businesses become increasingly dependent on services and applications that connect to the internet, they also become a larger…
SIFMA Executive Vice President Randy Snook Remarks as Prepared for the SIFMA FinTech Conference
Good afternoon. Welcome to SIFMA’s 2017 FinTech conference. It’s not hyperbole to say that technology is dramatically transforming how we…
SIFMA Executive Vice President Randy Snook Remarks as Prepared for the 2017 Operations Conference and Exhibition
Good morning. Welcome to Day 2 of SIFMA’s 44th Annual Operations Conference & Exhibition. Yesterday was a packed day, which…
Cybersecurity in the Financial Sector – Industry Concerns and Activities
SIFMA provides comments to Treasury Secretary Mnuchin on cybersecurity within the context of the President’s Executive Order 13777, Enforcing the…
Emergency Crisis Management Command Center
Through our Emergency Crisis Management Command Center, SIFMA provides critical services, information and resources to the financial industry to maintain…
Financial Services Industry Commends SEC on Final Rule to Facilitate a Shorter Settlement Cycle in U.S.
A two-day settlement cycle will yield numerous benefits for investors, regulators and market participants. New York/London/Hong Kong/Singapore, 22 March, 2017…
SIFMA Commends SEC Action to Facilitate a Shorter Settlement Cycle
Washington, D.C., September 28, 2016 – SIFMA today issued the following statement from Kenneth E. Bentsen, Jr., SIFMA president and CEO,…
Financial Services Industry Applauds SEC Action to Facilitate a Shorter Settlement Cycle
A two-day settlement cycle will yield numerous benefits for investors, industry, regulators and all market participants. New York/London/Hong Kong/Singapore, 28 September,…
OPS 2016: How Participants Are Solving Problems, Transforming the Industry into the New Reality
Leaders in Financial Services operations and technology gathered on May 2-5, 2016, at the 43rd annual SIFMA Operations Conference &…
SIFMA President and CEO Kenneth E. Bentsen, Jr. Remarks as Prepared for SIFMA 2016 Operations Conference & Exhibit
Good morning. I’m Ken Bentsen, president and CEO of SIFMA. Thank you for joining us to address key issues impacting…
SIFMA Executive Vice President Randy Snook Remarks as Prepared for SIFMA 2016 Operations Conference & Exhibit
Good morning. I’m Randy Snook, executive vice president of business policies and practices at SIFMA. It’s my pleasure to welcome…
Industry Steering Committee Publishes Playbook for Implementing T+2 Settlement Cycle in U.S. by End of 3Q 2017
New York/London/Hong Kong/Singapore, 21 December, 2015 – The T+2 Industry Steering Committee (T+2 ISC) today published an Implementation Playbook developed…
SIFMA Applauds Regulatory Action to Support T+2 Settlement Cycle
Washington, D.C., November 11, 2015 – SIFMA today issued the following statement after the Municipal Securities Rulemaking Board (MSRB) announced…
H.R. 3738
SIFMA provides comments to the Committee on Financial Services in support of H.R. 3738, the Office of Financial Research Accountability…
Collection of Connected Entity Data from RTOs and ISOs
SIFMA provides comments to the Federal Energy Regulatory Commission (FERC) in response to it's proposed amendments to regulations on reporting…
Opposition of the Paul Amendment
SIFMA and other trade associations provide comments to Senators McConnel, Reid, Burr and Feinstein on opposing the Paul Amendment. Protecting…
Cybersecurity Information Sharing Act (CISA)
SIFMA, American Bankers Association and Financial Services Roundtable provide comments to the U.S. Senate on S. 754, the Cybersecurity Information…
S. 754 Cybersecurity Information Sharing Act (CISA)
SIFMA provides comment to the U.S. Senate on S. 754, the Cybersecurity Information Sharing Act (CISA). A large-scale cyber attack…
Statement on SEC Chair Mary Jo White’s Support for a T+2 Settlement Cycle
Washington, DC, September 21, 2015—SIFMA today released the following statement from Kenneth E. Bentsen, Jr., president and CEO, in response…
Cybersecurity Exercise: Quantum Dawn 3
Quantum Dawn is a series of cybersecurity exercises that enable financial institutions and the sector, as a whole, to practice…
Infographic: Business Continuity Planning and Cybersecurity for the Financial Industry
SIFMA leads a number of projects and services to help members secure, maintain and recover business operations against disruptions and threats, thereby…
Regulatory Notice 15-22
SIFMA provides comments to FINRA on Regulatory Notice 15-22, a proposed rule regarding member firms’ supervisory requirements for discretionary accounts…
Investment Company Reporting Modernization
SIFMA provided comments to the Securities and Exchange Commission (SEC) on the Investment Company Reporting Modernization release, which proposes new…
Investment Company Reporting Modernization
SIFMA's Asset Management Group (SIFMA AMG) provided comments to the Securities and Exchange Commission (SEC) on the Investment Company Reporting…
Cybersecurity Information Sharing Act
SIFMA and Other Associations provided comments to the U.S. Senate on the Cybersecurity Information Sharing Act (S. 754), a bipartisan…
Cybersecurity Information Sharing Act
SIFMA as part of the Protecting America’s Cyber Networks Coalition, provided comments to the U.S. Senate on passing S. 754,…
Comments to SEC on Regulatory Initiatives for Shortening the Settlement Cycle
SIFMA and the Investment Company Institute (ICI) provide comments to the Securities and Exchange Commission (SEC) in support of shortened…
Kenneth E. Bentsen, Jr. on Cybersecurity
Testimony of Kenneth E. Bentsen, Jr., President and CEO, SIFMA before the Committee on Financial Services Subcommittee on Financial Institutions…
Cybersecurity Information Sharing Act of 2015
SIFMA and Other Associations provide comment to Senate Majority Leader McConnell and Minority Leader Reid on the Cybersecurity Information Sharing…
Sneak Peek: OPS 2015 Kicks Off Monday in San Diego!
For 42 years, SIFMA’s Annual Operations Conference & Exhibition has gathered broker-dealers and asset managers to discuss the evolution of…
OCC’s Advanced Notice Filing and Proposed Rule Change relating to OCC’s Proposed Capital Plan
SIFMA submitted comments to the Securities and Exchange Commission (SEC) on the Proposed Capital Plan sought in a Notice of…
Notices Issued by CTA and UTP Plan Operators
SIFMA submitted comments and a petition for disapproval to the Securities and Exchange Commission (SEC) relating to feedback on notices…
Selection of Processor for the Nasdaq SIP
SIFMA wrote a letter expressing concern about reports on the selection process being carried out by the operating committee of…
Proposal to Develop the Comprehensive Automated Risk Data System (CARDS)
SIFMA provides supplemental comments to he Financial Industry Regulatory Authority (FINRA) on the concept proposal by FINRA to develop the CARDS…
FINRA’s Proposed Rule Change Relating to Per-share Estimated Valuations for Unlisted DPP and REIT Securities
SIFMA's Clearing Firms Committee provides comments to the Securities & Exchange Commission (SEC) on Financial Industry Regulatory Authority’s (FINRA) proposed rule change…
SIFMA Supports Move to Shorten the Settlement Cycle to T+2
New York, NY, April 16, 2014– SIFMA today announced it supports a move to shorten the settlement cycle for U.S…
Encouraging US Regulators to Adopt & Use the Legal Entity Identifiers
SIFMA provides comments to the Financial Stability Oversight Council (FSOC) encouraging a more fulsome adoption and use by the US…
CAT Development Advisory Group on Recommendations for 2014 Priorities
SIFMA provides comments to the Development Advisory Group (“DAG”) for the Consolidated Audit Trail (CAT). SIFMA has specific suggestions for…
Developing the Comprehensive Automated Risk Data System (CARDS)
SIFMA provides comments to the Financial Industry Regulatory Authority (FINRA) opposing the FINRA proposal to develop the Comprehensive Automated Risk…
Unlisted DDPs & REITs on Customer Account Statements
SIFMA provides comments to the Securities and Exchange Commission (SEC) on the Financial Industry Regulatory Authority's (FINRA’s) proposed rule change…
HR 3696: the National Cybersecurity & Critical Infrastructure Protection Act
SIFMA and other associations provide comments to Chairman McCaul and Ranking Member Thompson of the U.S. House of Representatives Committee…
Proposed Permanent Penny Program for the US Options Exchanges
SIFMA's Listed Options Trading Committee provides comments to all US Options Exchanges regarding the proposal to create a permanent Penny…
The CBOE’s Proposal on Option Orders Tied to Stock Orders
SIFMA provides comments to the Securities and Exchange Commission (SEC) on the Chicago Board Options Exchange (CBOE) filing to amend…
Securities Information Processors and Operational Resiliency
SIFMA provides comments to the Securities and Exchange Commission (SEC) on review by the SEC of the operation of the…
Protecting the Financial Services Industry from Cyber Threats
SIFMA, the American Bankers Association (ABA), and The Financial Services Roundtable (FSR) provide comments to the U.S. Senate Select Committee…
SEC on the NYSE’s Requests Regarding Options Regulatory Fees
SIFMA provides comments to the Securities and Exchange Commission (SEC) on proposals by NYSE Arca, Inc. and NYSE MKT, LLC…
CTA Plan to Simplify & Reduce Market Data Fees
SIFMA provides comments to Securities and Exchange Commission (SEC) on the Consolidated Tape Association (CTA) plan, which would implement a…
Instituting Liquidity Deposits to Increase Liquidity Resources
SIFMA provides comments to the Securities and Exchange Commission (SEC) on filings by the National Securities Clearing Corporation (NSCC) concerning…
Extending the NYSE Arca Penny Trading Program & Making a Permanent Penny Trading Program
SIFMA provides comments to the Securities and Exchange Commission (SEC) supporting the extension of the NYSE Arca Penny Pilot Program…
SIFMA Outlines Broker-Dealer Functions Supporting Proxy Distributions
SIFMA provides a narrative on the broker-dealer functions supporting proxy distributions. The activities of broker-dealers to support proxy services can be…
Broker-Dealer Functions Supporting Proxy Distributions
SIFMA provides response to NYSE Euronext with description of broker-dealers' activities to support proxy processing responsibilities. See: Fact Sheet on Broker-Dealer…
Fact Sheet: Quantum Dawn 2
The financial industry takes the issue of cyber security very seriously and is proactively working to mitigate this threat. SIFMA held…
Selected Consolidated Audit Trail (CAT) NMS Plan Topics
SIFMA provides comments to the industry's self-regulatory organizations (SROs) and the Exchanges on the four selected topics concerning the National Market…
Phasing Out Liquidity Replenishment Points in Connection with the Limit Up-Limit Down Plan
SIFMA provides comments to the Securities and Exchange Commission (SEC) on the New York Stock Exchange (NYSE) Proposal to amend Rule 1000…
Petition for Disapproval on the NYSE’s Plan to Establish the NYSE Trades Digital Data Feed & Other Market Data Fees
SIFMA provides comments and a petition for disapproval to the Securities and Exchange Commission (SEC) on the New York Stock…
Petition for Disapproval on the NYSE’s Plan to Establish Certain Fees for MKT Trades & Realtime
SIFMA provides comments and a petition for disapproval to the Securities and Exchange Commission (SEC) Notice of Filing and Immediate Effectiveness…
Petition for Disapproval on the NYSE’s Plan to Establish Non-Display Usage Fees for NYSE OpenBook
SIFMA provides comments and a petition for disapproval to the Securities and Exchange Commission (SEC) on the New York Stock…
Proposal to Extend Fee Pilot Program for NASDAQ Last Sale
SIFMA provides comments and a Petition to Disapproval to the Securities and Exchange Commission (SEC) on NASDAQ's Notice of filing…
Supporting the Cyber Intelligence Sharing and Protection Act
SIFMA, along with the American Bankers Association (ABA), The Clearing House (TCH), the Consumer Bankers Association (CBA), the Electronic Funds Transfer Association, The Financial…
Superstorm Sandy: A BCP Case Study
During one of the largest storms in mid-Atlantic history, SIFMA, operating primarily from its seat at NYC’s Office of Emergency Management, was in…
The NASDAQ UTP Plan Fee Increase
SIFMA provides comments to the Securities and Exchange Commission (SEC), Chair of the Nasdaq UTP Plan Operating Committee, and the…
Rule 451, Transmission of Proxy Material
SIFMA provides comments to the Securities and Exchange Commission (SEC) on a NYSE proposed rule change to amend Rule 451,…
FINRA’s Markup Proposal
SIFMA provides comments to the Financial Industry Regulatory Authority (FINRA) on FINRA's proposal regarding markups, commissions and fees, FINRA Regulatory…
Nullifcation of Trades in Certain Situations
SIFMA provides comments to the Securities and Exchange Commission (SEC) on a proposal by NASDAQ OMX PHLX to amend Rule…
FFIEC Social Media Guidance
SIFMA provides comments to the Federal Financial Institutions Examination Council (FFIEC) on the proposed guidance, Social Media: Consumer Compliance Risk…
Colorado State Senate Labor Committee Social Media Legislation
SIFMA provides comments to the Colorado State Senate Labor Committee opposing social media legislation, HB 1046, as currently drafted. This…
CBOE Rule Change to Allow Mini Options to Trade in the Same Pricing Increment as Standard Options
SIFMA provides comments to the Securities and Exchange Commission (SEC) regarding a proposed rule change (SEC File No. SR-CBOE-2013-016) filed…
Requesting No-Action Relief with Respect to the Clearing Requirement for iTraxx CDS Indices
The Asset Management Group of SIFMA (SIFMA AMG) provides comments to the Commodity Futures Trading Commission (CFTC) requesting no-action relief in…
Vermont State House Social Media Legislation
SIFMA provides comments to the Vermont State House expressing its serious concerns about proposed social media legislation, S.7, as currently…
Colorado Senate & House on Social Media Legislation
SIFMA provides comments to the Colorado State Senate and House opposing social media legislation, HB 1046, as currently drafted. This…
Rhode Island State House Social Media Legislation
SIFMA provides comments to the Rhode Island State House expressing its serious concerns about proposed social media legislation, HB 5255,…
New Hampshire House of Representatives Social Media Legislation
SIFMA provides comments to the New Hampshire House of Representatives expressing its serious concerns about proposed social media legislation, HB 379…
Large Trader Implementation Issues for Broker-Dealers
SIFMA provides comments to the Securities and Exchange Commission (SEC) on large trader implementation issues for broker-dealers, SEC Rule 13h-1. On…
Canada Real-Time Market Data Fees
SIFMA provides comments to the Ontario Securities Commission (OCS) on the Canadian Securities Administration (CSA) Staff Consultation Paper 21-401, Real-Time…
Creating & Implementing Consolidated Audit Trails
SIFMA provides comments to the self-regulatory organizations (SROs) and the Securities and Exchange Commission (SEC) on a request for proposal (RFP)…
Concerns About Dividend Trading
SIFMA's Listed Options Trading Committee provides comments to Options Clearing Corporation (OCC) to bring to their attention concerns about the options…
Requesting & Extension For Obligations Grandfathered Under FATCA
SIFMA provides comments to the U.S. Department of Treasury and the Internal Revenue Service (IRS) requesting a one-year extension beyond…
Industry Sponsored Plan for Options Exchanges to Address the Limit Up Limit Down Plan
SIFMA provides comments to NYSE Euronext in support of an industry sponsored plan for the options exchanges to address the…
Television Distribution of the NYSE MKT Trade Data Product
SIFMA and NetCoalition provides comments to the Securities and Exchange Commission (SEC) on a proposed rule change establishing a fee for…
Disapproval of a Proposed Fee for NASDAQ Depth-of-Book Data
SIFMA and NetCoalition.com provide comments to the Securities and Exchange Commission (SEC) petitioning for disapproval of the Notice of Filing…
By the Numbers: Tracking Systemic Risk
Thomas Price – Managing Director, Operations, Technology and BCP, SIFMA David Strongin – Managing Director, Cross-Border Policy and Advocacy, SIFMA…
Consumer Privacy and Safeguarding Personal Information
SIFMA provides comments to the Securities and Exchange Commission (SEC) on proposed amendments to Regulation S-P: Privacy of Consumer Financial…
The Case for Moving to T+1 Settlement in the U.S.
The case for moving to T+1 settlement for the U.S. financial services industry is strong and is based upon several…