SIFMA

On October 17, a federal court in Missouri entered final judgment in favor of SIFMA on our legal challenge to certain consent rules issued by the Missouri Secretary of State John R. Ashcroft and the Missouri Securities Commissioner Douglas Jacoby. The rules required financial firms and professionals that incorporated “a social objective or other nonfinancial objective” into their investment advice to obtain customers’ written consent to state-scripted language acknowledging that the advice is inconsistent with maximizing financial returns. On August 14, 2024, the Missouri federal court entered an order granting SIFMA’s motion for summary judgment, denying Defendants’ motion for summary judgment, and striking down the Missouri rules in their entirety on both federal preemption and constitutional grounds. Read more here: https://bit.ly/3YrruTA

It was a pleasure to gather industry experts in Washington, DC to explore the state of private credit markets. The market for private credit is growing fast and this growth is exciting because private credit increases options for companies within our capital markets. Our panelists discussed: ?? Growth prospects across the US, EU and Asia ??Tax and fund formation strategies for international investors ?? The current regulatory landscape ?? Data on private credit lending Many thanks to SEC SEC Commissioner Hester Peirce, who joined us to share her views on the markets. Here is a link to her full remarks: https://bit.ly/4fsAIF5 Thanks as well to our host, Mayer Brown, for lending their space and their expertise!

The #SIFMAannual Meeting kicks off on Monday, October 21 in New York City! From the intersection of public policy and finance, we'll hear from: ??Lorie Logan, President and CEO, Federal Reserve Bank of Dallas ??Penny Pennington, Managing Partner, Edward Jones ??Gary Gensler, Chair, U.S. Securities and Exchange Commission ??Mark Zandi, Chief Economist, Moody's ??Ellen Beeson Zentner, Chief Economic Strategist & Global Head of Thematic and Macro Investing, Wealth Management, Morgan Stanley ??Jay Bryson, Managing Director, Chief Economist, Wells Fargo ??Larry Fink, Chairman and Chief Executive Officer, BlackRock ??Rostin Behnam, Chairman, U.S. Commodity Futures Trading Commission ??Joshua Frost, Assistant Secretary for Financial Markets, U.S. Department of the Treasury ??Charlie Cook, Founder and Contributor, The Cook Political Report with Amy Walter Plus, insights into SIFMA's priorities on behalf of our 300+ members from our Chair and Chair-Elect: ??Ken Cella, Chair, SIFMA Board of Directors and Principal, Head of External Affairs, Edward Jones ??Laura Chepucavage, Chair-Elect, SIFMA Board of Directors and Head of Global Financing and Futures, Global Rates and Counterparty Portfolio Management, Bank of America Check out our full agenda and learn more here: https://bit.ly/3NwuYhA

Ahead of the #SIFMAannual Meeting, SIFMA Insights is polling our members about hot topics affecting the #capitalmarkets. What do you think?

How do #capitalmarkets work? In our latest podcast episode, SIFMA's Ken Bentsen and Katie Kolchin explain their core functions and the role of financial institutions in facilitating access to capital for businesses, governments, and more???https://bit.ly/3YsM7ig This podcast is based on the Capital Markets Primer by SIFMA Insights, the first in a series of primers that explore the inner workings of capital markets, breaking down important technical and regulatory nuances. You can download them all here: https://bit.ly/4dLeI73

Registration is open for the 2025 Asset Derivatives Forum! Hosted by FIA, Inc. and SIFMA’s Asset Management Group, this is your exclusive opportunity to connect with market participants from all sides of a derivatives trade: https://lnkd.in/dXn8wdB

Discover the latest market trends in SIFMA's Equity and Fixed Income Research Quarterlies for 3Q24: ?? Equity & Related: Total equity capital formation was $56.3B, +33.6% Q/Q and +41.7% Y/Y. Total IPOs were $8.5B, -12.4% Q/Q but +1.0% Y/Y. https://bit.ly/4eKMxWZ ?? Fixed Income - Issuance & Trading: Fixed income issuance posted another strong quarter at $2.9T, +16.1% Q/Q and +57.0% Y/Y. This was the fourth consecutive quarterly increase in issuance with four out of six covered asset classes posting positive Q/Q trends: ranging from +10.3% to +37.7%. https://bit.ly/4eHyD8d

We just held our annual Women's Leadership Forum, where 75+ firms participated in an afternoon of collaborative discussions and networking. A big thank you to our keynote speaker, Jackie LiCalzi of Morgan Stanley, who, in a one-on-one conversation with Caitlin Mandel, discussed her career trajectory and how to adapt and further develop leadership skills in an evolving industry. And to our panelists Natalee Graham, Katheryn Rosen, and Leigh (Bothe) Shea for their insights into defining your unique leadership contribution and charting your path forward, in a discussion led by SIFMA's Melissa MacGregor. Swipe ?? to discover some of the perspectives shared by these exceptional leaders. #SIFMAWomensLeadership #capitalmarkets

Together with our members, SIFMA has successfully conducted our 2024 SIFMA Industry-Wide Business Continuity Test. With over 90 entities participating, this test is designed to assess the ability of securities market participants to operate through a significant emergency. In parallel, Regulation SCI entities completed their testing requirements with the industry. SIFMA and its members make operational resilience a priority in order to protect clients, data, networks and operations from diverse cyber threats including theft, disruption and destruction. Learn more: https://bit.ly/3XVNX9V

In this episode of The SIFMA Podcast, SIFMA president and CEO Ken Bentsen sits down with Stephen Byron, our new head of operations and technology, to discuss five key takeaways from SIFMA's 51st Annual Operations Conference & Exhibition: https://bit.ly/47YnYDs #SIFMAOps Listen in for discussions on: 1?? T+1 Settlement Cycle? 2?? Treasury Clearing and Other New Regulatory Initiatives 3?? AI and New Technologies 4?? Digital Assets 5?? Looking ahead – The Future of the Operations Professional