Pennsylvania + Wall

By Tom Price

 Appearing in the SmartBlog on Finance from SmartBrief interview with Sean McMahon – Tom Price, SIFMA Managing Director of Operations, Technology and BCP, discusses the Operations and Technology issues that shaped 2012 and what he sees ahead in 2013.

What is your outlook for the technology and operations sectors in 2013?

The implementation of the Dodd-Frank Act continues to be a massive undertaking. As of Dec. 3, only 133 of 398 required rulemakings have been completed..... Read more...

By Tim Ryan

Appearing in the  SmartBlog on Finance from SmartBrief interview with Sean McMahon – As 2012 comes to a close, SIFMA President and CEO Tim Ryan was asked to share some of his reflections on this year and to look ahead to how he sees 2013 taking shape.   

What progress was made on regulatory reform rulemaking in 2012?

SIFMA remains strongly supportive of comprehensive, balanced reform to financial regulation, both here in the U.S. and globally. We’ve supported rules when we believe regulators have gotten them right, and objected to proposals we feel miss the mark. Our economy cannot withstand rules that inadvertently create new pockets of risk — like central clearing and the Volcker Rule..... Read more...

By Kenneth E. Bentsen, Jr.

Appearing today in the Wall Street Journal, SIFMA Executive Vice President for Public Policy and Advocacy Kenneth E. Bentsen, Jr., wrote a letter to the editor in response to an editorial in the Journal discussing the extraterritorial reach of France's financial transaction tax. 

Your editorial "Obama Vetoes a Carbon Tax—in Europe" (Nov. 28) gets it right on one kind of unilateral, extraterritorial tax enacted by Europe. We believe the president should also take the same approach to European efforts—particularly France—to impose its domestic financial transaction tax (FTT) extraterritorially to U.S.-based transactions..... Read more...