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.

SIFMA’s Anti-Money Laundering & Financial Crimes Conference brings together leaders from the securities industry, regulatory agencies and law enforcement to discuss the latest developments and priorities in the AML and financial crime space. Throughout the two-day program, attendees will hear directly from the industry’s regulators; participate in closed-door sessions; and network with policymakers and peer compliance professionals.

Celebrating its 20th year, this is the only conference in the AML and financial crime space tailored to broker-dealers and other members of the securities industry.

Program: Please visit the FIA-SIFMA Asset Management Derivatives Forum website for the latest updates to the program.

Venue Information/Reservations: All conference sessions will take place at The Ritz-Carlton Laguna Niguel. To make your hotel reservation please book online at https://book.passkey.com/gt/217437752?gtid=734d6d601decaad64e15713535d50397. Some networking events occur at nearby locations. Please reference the program for specific event information.

Badges: Badges will be available for pickup beginning February 5, 2020 and must be worn at all times while attending Asset Management Derivatives Forum-related events. Badges and registrations are non-transferrable and cannot be shared or split.

Cancellation and Substitution Policy: Notice of...

New York, NY, November 7, 2019 – SIFMA today released the following statement from Kenneth E. Bentsen, Jr., SIFMA president and CEO, upon completion of SIFMA’s November 7 global industry-wide Quantum Dawn V cybersecurity exercise.  A fact sheet with details on Quantum Dawn V is available here.

“There is likely no greater threat to financial stability than a large-scale cyber incident.  Quantum Dawn V simulated a low-probability, high-impact event, which is something the industry must prepare for just as we do for other possible crisis events.  Building on our previous Quantum Dawn events, this year we made the exercise global.

“SIFMA and its member firms are deeply committed to improving the financial services sector’s cybersecurity resiliency and working with government partners to protect the broader economy.  Our sister trades—AFME in Europe and ASIFMA in Asia—share our commitment to cyber preparedness.  SIFMA, in its crisis...

In theory, the case for a diverse and inclusive workplace is a simple one. As an Ernst & Young study and guide, “Creating a strong sense of belonging for all,” shows, employees who experience the feeling of belonging at work are more motivated, perform at higher levels, and are physically and mentally healthier[1].

In turn, this results in a real business and community impact. It creates an environment where everyone thrives, there is stronger team collaboration, and business performance is elevated, both in terms of innovation and quality[2].

Yet in practice, implementing successful D&I initiatives and then having the structure and workforce to not only maintain but also grow these programs can be a challenge.

While there is still much to be accomplished, from a D&I perspective, in the financial services industry, firms are working to address these gaps.

Recently, the Wall Street Journal published an article, “Financial...

New York, N.Y., October 30, 2019 — SIFMA has confirmed its previous recommendation for a full market close on Monday, November 11 for the trading of U.S. dollar-denominated fixed income securities in the U.S., UK and Japan in observance of the U.S. Veterans 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.

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SIFMA is the leading trade association for broker-dealers, investment banks and asset managers...

The FTT or financial transaction tax—a tax on trades of stocks, bonds, and derivatives—is a tax on investors. The imposition of an FTT would increase costs and lower returns for Americans saving for retirement, college, homes, and other investment ideals. FTTs have never lived up to expectations, but instead have only served to increase volatility, harm capital markets, increase costs, and hurt economic growth.

In this podcast, Ken Bentsen, SIFMA President and CEO, is joined by Jamie Wall, EVP, Advocacy at SIFMA, and Katie Kolchin, CFA, Head of Research at SIFMA. Together, they discuss the failed history of FTTs, real world case studies, and how an FTT would negatively affect American workers and the economy.

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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.

What do you envision when you hear the word “investor”? If you think of your friends, family members, and probably yourself, you got it right. The fact is, the average investor is the average American. According to the Federal Reserve, 52% – more than half of U.S. households – own stocks. So, when politicians talk about enacting a financial transaction tax, or FTT, they’re talking about a tax that would affect the majority of Americans.

If you have a 401K, private pension, or individual retirement account (IRA), you own stock – often in the form of a mutual fund. And because the performance of that stock will have an enormous impact on your sunset years, an FTT, a retirement tax, is effectively a tax on your future. In the U.S., there are $34.6 trillion in retirement assets. More than half of that is in individually funded retirement plans like 401Ks, private pensions, and IRAs.

Specifically, $9.4 trillion are in private pensions, $8.8 trillion are...

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.

Defining electronic trading is not black and white, with no single definition for a firm or strategy, and trading activities vary across markets (typically dependent upon level of liquidity and trading/post trade infrastructure). Firms of all types – including traditional market participants like broker dealers trading for clients, market makers and asset managers, not just proprietary trading firms or hedge funds – have adopted technologies to enable better trade execution over the years. Markets and market participants are intermingled in today’s environment – trading is a complicated and dynamic ecosystem, with competitive forces and structural and regulatory changes continually shaping the environment – and technology is now part of market DNA.

In this primer from SIFMA Insights, we attempt to define electronic trading by providing an overview of the types of platforms and strategies utilizing a form of electronic trading. Highlights from the primer...

On October 8, the five federal financial regulatory agencies responsible for the Volcker rule announced they finalized revisions to simplify its compliance requirements. While the revisions do not in any way negate the statutory prohibition on proprietary trading by banks, they do provide market participants with much-needed clarity on compliance issues.

In this podcast, SIFMA president and CEO, Kenneth E. Bentsen, Jr. is joined by Robert Toomey – Managing Director and Associate General Counsel for SIFMA. Together, they explain why these revisions – such as the removal of an accounting prong – are important to the markets and the economy.