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December 24, 2012
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News on the capital markets, securities and financial industry

  Morning Bell 
  • Commentary: Lawmakers vacation despite "fiscal cliff"
    Columnist Randall Forsyth writes that despite concerns about the "fiscal cliff," Congress adjourned for the holidays. Forsyth explains that there are three possible reasons lawmakers feel comfortable taking a break at this time. One, all is well and a resolution will be forged between Christmas and New Year's. Two, an agreement won't be reached but a stopgap measure will be passed. Or, three, the nation will go off the cliff and Congress will busy itself in 2013 to try to clean up the mess. Barron's (special access for readers of SIFMA SmartBrief) (12/22) LinkedInFacebookTwitterEmail this Story
  Industry News 
  • ETFs see influx as bonds' allure begins to fade
    Easing some fears of a bond bubble, global investors last week began shifting their money to stock exchange-traded funds, bearing the greater risk to pursue higher returns, according to fund-tracking firm EPFR Global. The move nonetheless closes out a strong year for U.S. bonds as investors sought refuge in uncertain times. Reuters (12/21) LinkedInFacebookTwitterEmail this Story
  Washington Roundup 
  • ICE-NYSE merger bolsters calls for CFTC-SEC tie-up
    The proposed $8.2 billion merger between NYSE Euronext and the IntercontinentalExchange has prompted renewed debate about merging the Securities and Exchange Commission and the Commodity Futures Trading Commission. "This merger just screams out for a consolidated regulator," said Jaret Seiberg, a Guggenheim Securities analyst. "History tells us that having regulation split up between multiple entities doesn't work." The Washington Post (12/21) LinkedInFacebookTwitterEmail this Story
  • CFTC delays derivatives rules for foreign banks
    The Commodity Futures Trading Commission has given foreign banks until mid-July to comply with derivative trading rules. "The relief period provides time for the Commission to work with foreign regulators as they implement comparable requirements," CFTC Chairman Gary Gensler said. CFTC.gov (12/21), Bloomberg (12/22), Reuters (12/21) LinkedInFacebookTwitterEmail this Story
  • Obama nominates Kerry for secretary of state post
    President Barack Obama nominated Sen. John Kerry, D-Mass., to the post of secretary of state, replacing Hillary Rodham Clinton, who plans to step down. Kerry is the chairman of the Senate Foreign Relations Committee. Sens. John McCain, R-Ariz., and Lindsey Graham, R-S.C., are among the most vocal Republican senators on foreign policy matters and said they expect to vote for Kerry's confirmation. Bloomberg (12/21) LinkedInFacebookTwitterEmail this Story
  Asset/Wealth Management Report 
  • Dodd-Frank meant big changes for financial advisers
    Registration requirements mandated by the Dodd-Frank Act mean that in 2012, the Securities and Exchange Commission was overseeing more of the assets managed by financial advisers than in the past. For the first time, those advising small private funds or venture funds were required to file Form ADV with the SEC. Financial-Planning.com (12/23) LinkedInFacebookTwitterEmail this Story
  Hot Topics 

Top five news stories selected by SIFMA SmartBrief readers in the past week.

  • Results based on number of times each story was clicked by readers.
  Editor's Note 
  • SmartBrief will not publish Tuesday
    In observance of Christmas, SmartBrief will not publish Tuesday. Publication will resume Wednesday. Enjoy the holiday! LinkedInFacebookTwitterEmail this Story
  SIFMA News 
  • Latest SIFMA research: U.S. Municipal Issuance Survey 2013
    On Dec. 21, SIFMA Research released the U.S. Municipal Issuance Survey 2013 compiled from responses provided by large and regional municipal bond underwriters and dealers. This report forecasts what type of activity is expected in the taxable and tax-exempt municipal securities market in 2013. Also, SIFMA recently issued its U.S. Research Quarterly, 2012 Q3, a report containing brief commentary and statistics on the U.S. capital markets. SIFMA Research reports include regular outlooks and forecasts, research quarterlies, and essential industry factbooks and yearbooks. LinkedInFacebookTwitterEmail this Story
  • Take advantage of early-bird rates for SIFMA Tech 2013 -- June 18-19 -- New York City
    As the financial services industry's technology evolves, so does SIFMA's Tech Conference. SIFMA is taking this 30-year tradition to new levels in 2013. SIFMA Tech 2013 will again be a focal point for industry leaders, regulators and solution providers, but in a new and dynamic forum. Save the date! Better yet, take advantage of early-bird rates to learn how you can harness cutting-edge technology to achieve a technological infrastructure that keeps your firm at peak efficiency and keeps your clients better served. LinkedInFacebookTwitterEmail this Story
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  SmartQuote 
In seed time learn, in harvest teach, in winter enjoy."
--William Blake,
British poet and painter


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