Washington, DC, August 29, 2018 – SIFMA today released the following statement from Kenneth E. Bentsen, Jr., SIFMA president and CEO, on the Senate confirmation of Richard Clarida as Vice Chairman of the Federal Reserve board.

“We congratulate Mr. Clarida on his Senate confirmation to serve as Vice Chairman of the Federal Reserve Board of Governors.  We look forward to working with him on issues that enhance and maintain deep and efficient capital markets and wish him success in this new role.”

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SIFMA is the leading trade association for broker-dealers, investment banks and asset managers operating in the U.S. and global capital markets. On behalf of our industry’s nearly 1 million employees, we advocate on legislation, regulation and business policy, affecting retail and institutional investors, equity and fixed income markets and related products and services. We serve as an industry coordinating body to promote fair and orderly markets, informed regulatory compliance, and efficient market operations and resiliency. We also provide a forum for industry policy and professional development. 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.