Release Date: November 7, 2012
Contact: Andrew DeSouza, 202.962.7390, email@example.com
SIFMA Statement on 2012 Election Results
Washington, D.C., November 7, 2012—SIFMA today released the following statement from President and CEO Tim Ryan in reaction to the results of the 2012 election for President of the United States and the 113th Congress.
“We look forward to continuing to work with President Obama and a new Congress on a host of important and immediate issues. With the election now over, it is vital that we return to the work at hand, namely, the continued implementation of Dodd-Frank and addressing the fiscal cliff.
“With the beginning of his second term in office, President Obama, his administration and regulators should take time to review the goals of Dodd-Frank—which were to create a safer and stronger financial system—to ensure that the process is helping achieve that and if not, find a better approach to getting it done.
“Another important area that is critical to economic growth and our recovery is ensuring that both Democrats and Republicans come together and address the fiscal cliff. The potentially negative market consequences of not dealing with this issue are simply too great to ignore.”
The Securities Industry and Financial Markets Association (SIFMA) brings together the shared interests of hundreds of securities firms, banks and asset managers. SIFMA's mission is to support a strong financial industry, investor opportunity, capital formation, job creation and economic growth, while building trust and confidence in the financial markets. SIFMA, with offices in New York and Washington, D.C., is the U.S. regional member of the Global Financial Markets Association (GFMA). For more information, visit http://www.sifma.org.