SIFMA appreciates the SEC moving forward through the appropriate rulemaking process to adopt cross-border rules; we encourage global coordination in furtherance of the goals of the G20 and Dodd-Frank.
US Treasury Secretary Jack Lew noted in testimony that FSOC supports industry efforts to implement a global Legal Entity Identifier (LEI), a critical method available to monitor emerging risks in the financial system.
SIFMA welcomes SEC Chair White’s thoughtful remarks and look forward to reviewing the details of the SEC’s proposals. "Any reform of the markets should be the result of a thoughtful, data-driven approach that relies on empirical data."
"From day one, this has been a troubled proposal by DOL that will harm the ability of everyday American investors and small business owners to save for retirement,” said SIFMA President and CEO, Kenneth E. Bentsen, Jr.
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