Press Releases
Release Date: March 13, 2008
Contact:
Travis Larson, (202) 963-7357, tlarson@sifma.org
Treasury’s Strategy to Ease Credit Market Disruption Is Embraced by SIFMA
Washington, D.C., March 13, 2008 – The Securities Industry and Financial Markets Association (SIFMA) today issued the following statement on Treasury’s plan regarding the downturn in the credit markets.
“SIFMA welcomes Treasury’s credit market recommendations,” said Tim Ryan, president & CEO of SIFMA. “Combined with private sector efforts already underway, we expect Treasury’s proposals will help steer the American economy back on course. At a time when there is so much concern in the marketplace, Secretary Paulson’s leadership and institutional knowledge are vital.”
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The Securities Industry and Financial Markets Association brings together the shared interests of more than 650 securities firms, banks and asset managers. SIFMA's mission is to promote policies and practices that work to expand and perfect markets, foster the development of new products and services and create efficiencies for member firms, while preserving and enhancing the public's trust and confidence in the markets and the industry. SIFMA works to represent its members’ interests locally and globally. It has offices in New York, Washington D.C., and London and its associated firm, the Asia Securities Industry and Financial Markets Association, is based in Hong Kong.