New York, N.Y., November 22, 2019 — SIFMA confirmed its previous recommendations for the U.S., the U.K., and Japan in observance of the U.S. Thanksgiving Day holiday.

These recommendations apply to trading of U.S. dollar-denominated government securities, mortgage- and asset-backed securities, over-the-counter investment-grade and high-yield corporate bonds, municipal bonds and secondary money market trading in bankers’ acceptances, commercial paper and Yankee and Euro certificates of deposit.

SIFMA’s recommended early and full market closes are recommendations only; each member firm should decide for itself whether its fixed-income departments remain open for trading. All SIFMA recommendations are subject to change due to market conditions.

– 30 –

SIFMA is the leading trade association for broker-dealers, investment banks and asset managers operating in the U.S. and global capital markets. On behalf of our industry’s nearly 1 million...

Each year, the SIFMA Insurance- and Risk-Linked Securities (IRLS) Conference brings together thought leaders and subject matter experts for a robust industry discussion on the numerous factors that are reshaping the ILS markets and driving further growth.

Register for IRLS 2020:  Early bird rates end December 20, 2019

At IRLS 2019, over 350 delegates – representing a diverse range of participants from across the insurance-linked market – gathered to discuss the activity in 2018 and how it affected the outlook for the year ahead.

The transition from the London Interbank Offered Rate (LIBOR) to alternative interest rate benchmarks is well underway, but much work lies ahead in order to implement a successful reference rate change by the end of 2021. At this time, markets will no longer have certainty of LIBOR publication.

In this primer from SIFMA Insights, we provide an overview of the LIBOR transition, with a focus on the proposed U.S. alternative reference rate, Secured Overnight Financing Rate (SOFR).

Highlights from the primer include:

Quantum Dawn V, a global exercise, enabled key public and private bodies around the globe to practice coordination and exercise incident response protocols, both internally and externally, to maintain smooth functioning of the financial markets when faced with a series of sector-wide global cyberattacks. The exercise helped identify the roles and responsibilities of key participants in managing global crises with cross-border...

Bread for the City believes nobody should have to forego holidays, celebrations, and family traditions due to financial circumstances, and we're proud to support this mission.

During the month of November, we will raise donations to provide 11,000 community members living on low-incomes with a turkey and all the trimmings. Just $38 provides a holiday meal kit for a family of four.

Thank you for supporting DC neighbors, through this drive, and standing with the Bread for the City community!

Washington, D.C., November 18, 2019 – The Board of Directors of SIFMA announced it has elected the following principal officers to leadership positions on the Board for 2020:

Chair: Joseph E. Sweeney, President- Advice & Wealth Management, Products and Service Delivery, Ameriprise Financial

Chair Emeritus: James Allen, Vice Chairman, Robert W. Baird & Co. Incorporated

Treasurer: James Wallin, Senior Vice President, AllianceBernstein

SIFMA is also pleased to welcome the new members of its Board of Directors:

Laura Peters Chepucavage, Managing Director, Head of Global Short Rates Sales and Trading, BofA Securities

Spyro Karetsos, Chief Risk Officer, TD Ameritrade

Michael E. Kisber, President, FHN Financial

Deb Schoneman, President, Piper Jaffray & Co.

Kashif Zafar, Head of the Global Markets Division, Americas, Credit Agricole CIB

-30-

SIFMA is the leading trade association for...

Each fall, SIFMA’s Annual Meeting gathers the most influential voices shaping today’s capital markets. Through candid one-on-one conversations and expert panel discussions, we assess challenges and gain insights into opportunities ahead.

Find out what is top of mind for market participants: register today to join us on November 18-19, 2019 at the JW Marriott in Washington, DC.

There is likely no greater threat to financial stability than a large-scale cyber incident.

Quantum Dawn V, a global cybersecurity exercise coordinated by SIFMA, was completed on November 7, 2019. What scenario did participants respond to? In this podcast, SIFMA president and CEO, Kenneth E. Bentsen, Jr. is joined by Tom Price, SIFMA Managing Director, Operations, Technology & BCP and Tom Wagner, SIFMA Managing Director, Financial Services Operations and Technology. Together, they describe the main takeaways immediately following the exercise and the next steps in communicating the lessons learned with the Financial Services industry.

The exercise was carried out with over 700 individuals from over 200 financial institutions and government agencies around the globe—including participants from Australia, Canada, Europe, Hong Kong, India, Malaysia, Japan, Singapore, and the U.S.

You can add location information to your Tweets, such as your city or precise location, from the web and via third-party applications. You always have the option to delete your Tweet location history. Learn more