International Policy
With offices in New York, Washington, D.C., London and Hong Kong, SIFMA and its affiliates represent the interests of over 600 member companies on the international stage to promote issues ranging from market expansion to the support of open and fair international trade and investment.
SIFMA’s International Trade and Policy Committee
Objective: Enhance environment for capital formation and investment by helping to open, strengthen and develop world class global markets and financial centers.
The Committee provides a strong mix of research, advocacy and targeted outreach to U.S. and foreign government officials across the full range of issues and regions relevant to global securities firms. Work falls into three broad categories which together comprise market opening and market enhancing initiatives, efforts focused wholly internationally and efforts that are cross border by nature:
- Opening global markets;
- Strengthening investment and regulatory climate in all markets for firms and their customers; and
- Addressing international regulatory differences and disputes by promoting consistent regulation and legislation globally.
Global Regulatory Updates
Click here for SIFMA’s Global Weekly Update of major legislative and regulatory issues impacting the financial services sector around the world. This section includes regulatory legislation issued in Europe and Asia, as well as studies and reports from international regulatory organizations such as IOSCO, CEBS, CESR and the FSB.
Global Outreach Efforts
SIFMA regularly issues comment letters in response to consultations and report issued by a number of international and national bodies. We also regularly initiate and participate in coalition letters:
- ICSA Letter to Basel
- July 1, 2010 - G20 Toronto Communiqué
- June 26-27, 2010 - GFMA Letter to Basel Committee
- June 23, 2010 - Global Financial Markets Association (“GFMA”), the British Bankers’ Association (“BBA”) and the International Swaps and Derivatives Association (“ISDA”) joint response to the consultations BCBS 164 Strengthening the resilience of the banking sector and BCBS 165 International framework for liquidity risk measurement, standards and monitoring - April 16, 2010
- Click here for links to all SIFMA-filed comment letters.
- Letter to Timothy Geithner ahead of G7 Summit - February 3, 2010
- SIFMA Letter to Republic of Korea as G20 Chair -
January 29, 2010 - SIFMA Letter to USTR on Trans-Pacific Partnership -
January 25, 2010 - SIFMA Letter to FSB Chairman Draghi -
October 28, 2009 - SIFMA priorities for the Transatlantic Economic Council -
September 29, 2009 - SIFMA Joint Association Letter to Tiff Macklem -
September 8, 2009 - SIFMA Comment Letter on Model BIT Review -
July 31, 2009 - SIFMA Position Paper on China’s Financial Services Sector -
July 15, 2009 - Financial Stability Board Role in Preventing
Financial Protectionism -
May 29, 2009 - Financial Stability Board Role in Minimizing Regulatory Conflict and Preventing Financial Protectionism -
April 27, 2009 - SIFMA Letter to Sec. Geithner Ahead of June China Visit
- May 27, 2009
SIFMA Briefing Papers
Below are papers summarizing key SIFMA priorities in a global context.
- Regulatory Reform Proposal Matrix - December 15, 2009
- Global Developments in Compensation in the Financial Services Sector
- Global Developments in CDS Markets
- Global Developments to Regulate Credit Rating Agencies
