Advocacy & Resources

Negative Impacts of the Safeguarding Proposal on Investors, Market Participants, and the Financial Markets (Joint Trades)

26 trade associations provided comments to the U.S. Securities and Exchange Commission (SEC) regarding the Commission's proposed rule, Safeguarding Advisory Client Assets. The associations support the Commission’s goal of ensuring high levels of investor protection, including the safety of client assets from potential misuse or loss. However, in its current…

US Corporate Bonds Statistics

SIFMA Research tracks issuance, trading and outstanding data for the U.S. corporate bond market. Issuance data is broken out into investment grade/high yield, nonconvertible/convertible, callable/noncallable and fixed rate/floating rate. Trading volume data has investment grade/high yield, public/144A, nonconvertible/convertible, by rating and interdealer breakouts. Data is downloadable by monthly, quarterly and…

Understanding the Proposed Changes to the US Capital Framework

In Part VI of this blog series, we examine which of the Basel III Endgame proposal’s three capital stacks are most likely to be binding for the U.S. GSIBs, as well as their interactions with the Federal Reserve’s Stress Capital Buffer ("SCB”). There are two key design flaws that ought…

T+1 Industry Implementation Playbook

Including a detailed implementation schedule, interim milestones, and identified dependencies Download Report Canadian Countdown Clock US Countdown Clock Executive Summary In 2017, the standard settlement cycle for securities traded on the secondary markets in the United States (US) was shortened to trade date plus two business days, commonly referred to…