Holiday Schedule
All SIFMA holiday recommendations apply to the trading of U.S. dollar-denominated government securities, mortgage- and asset-backed securities, over-the-counter investment-grade and…
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…
An Update on the Path to Clearing US Treasuries
In this episode of The SIFMA Podcast, we discuss the conversations at our recent SIFMA Operations Conference & Exhibition around…
SIFMA and SIFMA AMG Publish Master Treasury Securities Clearing Agreement
New York, NY, September 25, 2024 –SIFMA and SIFMA’s Asset Management Group (SIFMA AMG) today published the “2024 SIFMA Master…
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…
Additional Transparency for Secondary Market Transactions of Treasury Securities (Joint Trades)
SIFMA and SIFMA AMG, together with ABASA and IIB, respond to the U.S. Department of the Treasury’s recent request for…
US Repo Markets: A Chart Book
A repurchase agreement (repo) is a financial transaction in which one party sells an asset to another party with a…
Improving Capacity and Resiliency in US Treasury Markets: Part III
In Part III of this blog series, we discuss the potential benefits and costs of moving more segments of the…
Joint Trades Letter on LIBOR Contracts
SIFMA and joint trades provided comments to the federal legislation addressing “tough legacy” contracts that utilize LIBOR. There are trillions…
The End of LIBOR: Transitioning to an Alternative Interest Rate
Submission for the Record by SIFMA before the U.S. House Committee on Financial Services Committee Subcommittee on Investor Protection, Entrepreneurship…
The Need for Federal Legislation in the Transition Away from LIBOR
There are undoubtedly certain issues requiring legislative action to guide the transition away from LIBOR to alternative reference rates. In…
Improving Capacity and Resiliency in US Treasury Markets: Part II
In Part II of this blog series, we discuss a variety of ideas stemming from growing calls to reform the…
SIFMA Statement on Passage of New York State LIBOR Legislation
New York, NY, March 25, 2021 – SIFMA today issued the following statement from president and CEO Kenneth E. Bentsen,…
Improving Capacity and Resiliency in US Treasury Markets: Part I
In Part I of this blog series, we provide an overview of the critical role of the U.S. Treasury markets…
Podcast: Where Money Market Funds and the Repo Market Intersect
Money market funds are a significant source of cash for the repo markets, lending to broker-dealers or hedge funds in…
Podcast: What Just Happened in the Repo Markets?
The financial system relies on short-term funding markets every day to fund operations. A crucial but little-known market that ordinarily…
The View from Washington: A Conversation with FCA CEO Andrew Bailey and NYFRB President John Williams
In this episode of “The View from Washington,” Financial Conduct Authority CEO Andrew Bailey and Federal Reserve Bank of New…
LIBOR Transition Briefing: The Transition to Alternative Reference Rates
The transition from the London Inter-bank Offered Rate (LIBOR) to alternative interest rate benchmarks is well underway, but much work…
Keeping Up With the ARRC
The transition to alternative interest rate benchmarks is well underway but much work lies ahead. If you haven’t heard of…
Proposal of FICC to Expand Sponsoring Member Eligibility
SIFMA provides comments to the Securities and Exchange Commission (SEC) on the Fixed Income Clearing Corporation's (FICC) proposal to expand…
SIFMA Supports Repo Market Data Collection Proposal; Notes Enhancement for SOFR
Washington, D.C., September 11, 2018 – In a comment letter filed with the Office of Financial Research, SIFMA expresses its…
Be Prepared, Be Resilient & Be Consistent: Preparing for a Day We May Be Without a LIBOR Reference
By laying the foundation to transition away from the use of LIBOR, identifying new risk-free rates (with futures trading now…
SIFMA President and CEO Kenneth E. Bentsen, Jr. Remarks as Prepared for SIFMA’s U.S. Economic Outlook
Good afternoon. I’m Ken Bentsen, president and CEO of SIFMA, and I’m pleased to welcome you to today’s forum on…
SIFMA Fixed-Income Market Close Recommendations in the U.S., the U.K. and Japan for Thanksgiving Day
New York, N.Y., November 9, 2017 — SIFMA confirmed its previous recommendations for the U.S., the U.K., and Japan in…
Request for Information Relating to Production of Rates
SIFMA and the Financial Services Roundtable (FSR) provide comments to the Board of Governors for the Federal Reserve System in…
SIFMA Fixed-Income Market Close Recommendations for the Labor Day Holiday
New York, N.Y., August 21, 2017 — SIFMA has confirmed its previous holiday recommendation for a full market close on Monday,…
Legislative Proposals to Facilitate Capital Formation, Economic Growth, and Job Creation
SIFMA submits recommendations in response to a bipartisan request for legislative proposals that facilitate capital formation, economic growth, and job…
SIFMA Recommends Early Market Close on April 3 for Trading of US Dollar-Denominated Fixed-Income Securities in the US in Observance of the Good Friday Holiday
New York, N.Y., March 9, 2015 – SIFMA has confirmed its early close recommendation of 12:00 p.m., ET, on Friday, April 3,…
SIFMA Statement and Fact Sheets on the Debt Default Threat
New York, NY, October 3, 2013 - SIFMA today issued the following statement from former Senator Judd Gregg, CEO of SIFMA,…
SBC Hearing on the Impact of a Default on Financial Stability & Economic Growth
At the October 10, 2013 Senate Banking Committee Hearing, members focused on the current political brinksmanship over lifting the debt…
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…
Guidance on Securities Loan & Repo Payment
SIFMA provides comments to the U.S. Department of Treasury and the Internal Revenue Service (IRS) on the need for guidance…
Interim Report of the FSB Workstream on Securities Lending & Repos
SIFMA provides comments to the Financial Stability Board (FSB) on the FSB's Workstream on Securities Lending and Repos’ Interim Report, published…
Administration & Congress on the Debt Ceiling
SIFMA, as part of a large group of businesses and trade associations, provide comments to the Administration and the U.S.…
Increase Statutory Debt Limit
SIFMA joined a group of 62 trade associations representing America's business community to urge Congress to raise the federal debt…
Treasury Borrowing Advisory Committee of SIFMA Urges Raising Debt Ceiling
In a letter sent on April 25, 2011, Matthew Zames, the Chairman of the Treasury Borrowing Advisory Committee of SIFMA…
SIFMA Changes Early Close Recommendation Policy
New York, NY, April 3, 2009-The Securities Industry and Financial Markets Association (SIFMA) today announced that it will reduce the…
Implementation of Temporary Liquidity Guarantee Program
SIFMA provides comments to the Federal Deposit Insurance Corporation (FDIC) on the Interim Rule Implementing the Temporary Liquidity Guarantee Program (TLGP) issued by…