SIFMA

In 2024, the S&P 500 once again delivered a +20% gain. With a rocky start to the year, can momentum recover through the rest of 2025? Both equity and options volumes had very strong years last year. Will 2025 set records again??? Explore the Equity Markets activity and themes in 2024 with SIFMA's President and CEO, Ken Bentsen, and Head of Research, Katie Kolchin, CFA in our latest podcast episode: https://bit.ly/41EORcV

???? Dozens of expert-led sessions. ??100+ insightful speakers. SIFMA’s Operations Conference & Exhibition connects 900+ operations professionals from 250+ investment banks, broker-dealers, and asset managers from across the financial industry with the topics, experts and networking opportunities that matter most. Explore our full program and register today to join us from May 5-8 in Orlando! #SIFMAOps https://bit.ly/41VwosA

New from SIFMA Research:?? Quarterly Report - US Fixed Income Outstanding, 4Q24: https://bit.ly/3DOFhvY Highlights: ? Fixed income outstanding totaled $46.9T this quarter, +1.1% Q/Q and +5.8% Y/Y ? The leading asset class in size was UST which increased to $28.3T, +2.0% Q/Q and +7.2% Y/Y ? The asset class with highest quarterly growth was agency securities, +3.3% Q/Q and +2.7% Y/Y Download the full report for data, tables, chartbooks, and more.

We are excited to welcome Jessica Barker to SIFMA's Federal Advocacy team! https://bit.ly/4ioQ52G “We are thrilled to welcome Jessica to the SIFMA Federal Advocacy team to help push forward SIFMA’s tax policy agenda," said Josh Wilsusen, EVP of Advocacy. Ms. Barker joins SIFMA from the office of Senator Todd Young, where she served as General Counsel. In that role, she advised the Senator on tax, retirement, and general economic matters appearing before the Senate Finance and Small Business Committees and worked closely with the legislative director to develop and implement the Senator’s long-term policy agenda, among other responsibilities. She previously worked at the U.S. Department of Justice and several notable law firms.

That's a wrap to a fantastic week at #SIIWharton! Thank you to all participants and the Board of Trustees for another extraordinary year. Interested in advancing your career? Learn more about the Securities Industry Institute (SII), hosted by SIFMA and Wharton Executive Education and how you can apply to attend in 2026: https://bit.ly/425IGjg

Treasury issuance dominated the fixed income landscape in 2024, with long-term issuance up 33% year-over-year. What does that mean for trading liquidity? The federal debt has reached an eye-popping $28.3 trillion and will likely continue to rise. What’s the impact on the government’s interest expense and deficit? ?? Dive into the themes shaping U.S. fixed income markets in 2025 with our latest podcast, featuring our President and CEO, Ken Bentsen, and Head of Research, Katie Kolchin, CFA: https://bit.ly/3FubN79

?? The #SIFMAOps 2025 speaker lineup is here! At Ops 2025, 100+ speakers from across the capital markets ecosystem will explore how to drive innovation, minimize risk, and strengthen resiliency across the capital markets. Featuring mainstage sessions with: - Mike Baker, Former CIA Cover Operations Officer, Cofounder of Diligence LLC, and Host, The President's Brief Daily Podcast and Black Files Declassified - Gregory Daco, Chief Economist, EY-Parthenon - Sue Herera, Anchor At Large, CNBC - Sarah Nur, Executive Director, International Cybersecurity & Critical Infrastructure Protection, U.S. Department of the Treasury - Katheryn Rosen, Managing Director, Global Head, Regional Information Security and Supervisory Engagement, JPMorganChase -And many more Ready to see the full lineup? Meet your speakers here: https://bit.ly/4hCNIs1

We appreciate the introduction of the GROWTH Act by Representatives Beth Van Duyne (R-TX) and Terri Sewell (D-AL), which would remove the annual tax on mutual funds held in taxable accounts for reinvested long-term gains, resulting in tax parity between ETFs and mutual funds. Read Lindsey Weber Keljo's full statement here: https://bit.ly/41OD1Nb And details of the GROWTH Act here: https://bit.ly/424trHs

We are excited to announce that Mary Schapiro is the recipient of our 2025 #SIFMACL Rauschman Award! https://bit.ly/4iGCsvI “SIFMA’s C&L Society is thrilled to announce Mary Schapiro as the recipient of the 2025 Alfred J. Rauschman Award,” said Scott Kursman, President, SIFMA C&L Society. “Throughout her distinguished career, Mary has held key leadership roles in both the private and public sector and has had a profound impact on the careers of so many colleagues and constituents in the financial services industry. We thank her for her long-standing commitment and contributions to strengthen our profession and the financial system.” Schapiro currently serves as the Vice Chair, Global Public Policy at Bloomberg and Special Advisor to Michael Bloomberg. Additionally, Schapiro serves as Vice Chair of the Glasgow Financial Alliance for Net Zero (GFANZ), Chair of the Climate Data Steering Committee (CDSC), and Vice Chair of the Climate Finance Leadership Initiative (CFLI), where she has worked to increase the resiliency of financial systems to address issues such as climate change. From 2009-2012, Schapiro served as the 29th Chair of the U.S. Securities and Exchange Commission, the first woman to hold the position. She served as a financial services regulator under four U.S. presidents from both political parties and is the only person to have served as head of the SEC, the U.S. Commodity Futures Trading Commission, and the FINRA. The award will be presented on March 24 at the C&L Annual Seminar: https://bit.ly/4iF7EeK

We are excited to announce that Yoon-Young Lee is the recipient of our 2025 #SIFMACL DE&I Advocate Award! https://bit.ly/3Dyc08M “On behalf of SIFMA’s C&L Society, it is an honor to award Yoon-Young Lee the 2025 DE&I Advocate Award,” said Scott Kursman, President, SIFMA C&L Society. “Yoon-Young has been a transformative leader in advancing equity and inclusivity both at WilmerHale and in the legal industry. We applaud Yoon-Young for her long-standing commitment to proactive engagement, structural reform, and robust mentorship and thank her for her many contributions and leadership.” Throughout Lee’s 36 years at WilmerHale – as an associate, partner, and now in firm leadership roles – she has been dedicated to institutionalizing inclusive and equitable practices. Early in her career, she launched the Women’s Forum project, which she later expanded at WilmerHale into the Women’s Leadership Initiative (WLI). These initiatives helped to institute policies supporting women in the workplace, including establishing a part-time policy for women returning from maternity leave, and created a network offering mentorship, career development, and business development opportunities for women attorneys. Lee also leads the Diversity Committee and Diversity Task Force at WilmerHale. Under her leadership, the Diversity Committee and Task Force conducted a thorough review of the firm’s diversity efforts, resulting in the adoption of numerous recommendations that have contributed to a more inclusive workplace at WilmerHale and have had a positive impact on the broader community through mentorship and networking opportunities. The award will be presented on March 25 at the C&L Annual Seminar: https://bit.ly/3Fma57V