*Letters

SIA Submits Comments to the Federal Reserve and the US Department of Treasury on Merchant Banking and Capital Requirement Rules

Published on:
April 20, 2000

The Securities Industry Association (SIA)* provide comments to the Board of Governors of the Federal Reserve System (Federal Reserve)and the U.S. Department of the Treasury (Treasury) on a proposal governing merchant banking activities of financial holding companies (FHCs) and a proposal that would establish capital requirement rules for merchant banking and other investments in non-financial companies by FHCs and bank holding companies, Docket Nos. R-1065, R-1067. SIA shares deep concerns that in several key respects the merchant banking rules proposed by the Federal Reserve and Treasury are not in accordance with what Congress intended in enacting the Gramm-Leach-Bliley (GLB) Act. SIA filed supplemental comments on the proposals on May 22, 2011.

*SIFMA is the product of a merger between the Securities Industry Association (SIA) and The Bond Market Association (TBMA) in 2006.

Details

Download

More Content

  • Letters
    Oct 22, 2026

    Treasury/IRS Notice 2026-49: Guidance on Section 324 of the SECURE 2.0 Act with Respect to Rollovers

    SIFMA supports modernizing retirement plan rollovers through standardized electronic processes, fraud safeguards and appropriate implementation timelines.
  • Amicus Briefs
    Oct 21, 2026

    In re USD LIBOR Litigation

  • Letters
    Oct 20, 2026

    SEC’s Proposed Rule Regulation Crypto Assets

    SIFMA and SIFMA AMG provide recommendations to the SEC on its proposed crypto asset regulation, addressing regulatory clarity, implementation and investor protection.

Get the latest trends, stats, and research on financial markets and securities.