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SIFMA Statement on Treasury Regulatory Reform Report

Release Date: June 12, 2017
Contact: Carol Danko, 202-962-7390,
cdanko@sifma.org        

SIFMA Statement on Treasury’s Regulatory Reform Report  

Washington, DC, June 12, 2017 –  SIFMA today released a statement from Kenneth E. Bentsen, Jr., SIFMA president and CEO, regarding the Department of Treasury’s report in response to President Trump’s executive order calling for review of the nation’s financial regulatory framework and its impact on the markets and the economy: 

“We commend Secretary Mnuchin and the Treasury Department staff for conducting a thorough review of our financial regulatory system. The U.S. has implemented hundreds of regulations since the financial crisis –supplementing an already expansive regulatory framework established throughout the prior century.  Clear market rules and prudent capital standards can provide investor confidence and financial stability necessary for robust markets, capital formation and economic growth.  But redundant and conflicting rules, or measures that unnecessarily outweigh stability over investment can result in inefficient regulation and stifle our growth potential.  Given the multitude of regulatory initiatives over the last decade alone, notwithstanding the decades prior, the time for a comprehensive review is due and we look forward to reviewing the Treasury’s report.” 

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SIFMA is the voice of the U.S. securities industry. We represent the broker-dealers, banks and asset managers whose nearly 1 million employees provide access to the capital markets, raising over $2.5 trillion for businesses and municipalities in the U.S., serving clients with over $18.5 trillion in assets and managing more than $67 trillion in assets for individual and institutional clients including mutual funds and retirement plans. 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.

 

 


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In New York:
Katrina Cavalli
212.313.1181


-or-


 Liz Pierce

212.313.1173

 

In Washington:

Carol Danko
202.962.7390

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