Release Date: January 10, 2013

Contact: Andrew DeSouza, 202.962.7390, adesouza@sifma.org 

SIFMA Statement on Nomination of Jacob Lew as Treasury Secretary 

Washington, D.C., January 10, 2013—SIFMA today released the following statement from President and CEO Tim Ryan upon President Obama’s nomination of Jacob Lew to be Secretary of the Treasury.

 “We congratulate Jack Lew on his nomination to be Secretary of the Treasury and look forward to working with him. The next Treasury Secretary will face a host of issues, including addressing our fiscal deficit and debt, reforming our housing finance system,   the continued implementation of Dodd-Frank, and the European debt crisis. Importantly, the next Treasury Secretary should use his position as chair of the Financial Stability Oversight Council to take a leadership role in better coordinating the hundreds of rules stemming from Dodd-Frank and other financial regulations to insure that US capital markets remain a catalyst for capital formation and job creation.”

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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.