Reading this on a mobile device? Try our optimized mobile version here:

December 14, 2012
Sign upForwardArchiveAdvertise
News on the capital markets, securities and financial industry

  Morning Bell 
Quarterly Small Business Leadership Report
Three industry heavy weights dish up the facts on what you need to know about the future of collaboration, increasing productivity and readying the office for the millennial workforce. Read the guide.
  Industry News 
  • Judge grants Lehman $435M of money held at Citigroup
    A federal judge approved a deal that transfers $435 million held by Citigroup to the remnants of Lehman Brothers for distribution to Lehman's former customers and creditors. The money is part of $1 billion that Lehman deposited with Citigroup shortly after Lehman filed for bankruptcy protection. Citigroup argued for keeping the money because it continued to clear Lehman's foreign-exchange trades. The Wall Street Journal (12/13) LinkedInFacebookTwitterEmail this Story
  • U.S. market players keep eye on foreign commission bans
    While the push for a fiduciary standard in the U.S. drags on, other countries, namely Australia and the U.K., are banning commission paid by product providers to sellers. Although such a restriction isn't truly on the table in the U.S., investor advocates are watching how the curb plays out overseas. The Wall Street Journal (12/13) LinkedInFacebookTwitterEmail this Story
  • Other News
  Washington Roundup 
  • Senate set to begin work on Sandy aid bill
    Legislation to provide $60.4 billion to rebuild areas devastated by superstorm Sandy is starting to move through the Senate, where Republicans haven't said how they plan to respond to the measure. In the House, the Appropriations Committee staff has asked government departments for more information relating to funding requests. Learn more about SIFMA Gives -- a program to support local schools and families still recovering from Sandy. The Wall Street Journal/Metropolis blog (12/13) LinkedInFacebookTwitterEmail this Story
  • FSOC considers Fed supervision of money market funds
    The Financial Stability Oversight Council, chaired by Treasury Secretary Timothy Geithner, talked about the possibility of placing money market mutual funds under the Federal Reserve's supervision. Treasury spokeswoman Suzanne Elio said the council discussed a provision of the Dodd-Frank Act that would let FSOC designate "money-market mutual funds or their sponsors or advisers for Federal Reserve supervision and enhanced prudential standards." Learn more at SIFMA's Money Market Reform Resource Center. Bloomberg (12/13), Reuters (12/13) LinkedInFacebookTwitterEmail this Story
  • Commentary: Rep. Hensarling plans to regulate the regulators
    Columnist Stephen Moore writes that Rep. Jeb Hensarling, R-Texas, the House Financial Services Committee's incoming chairman, sees his position as regulating various financial regulatory agencies, including the Securities and Exchange Commission. Hensarling also noted his top priorities, which include resolving the "too big to fail" doctrine in the Dodd-Frank Act. Authorities must eliminate the "market perception that big banks are taxpayer-protected," he said. The Wall Street Journal (12/13) LinkedInFacebookTwitterEmail this Story
  • Other News
  Asset/Wealth Management Report 
  • Advisers have had it with money market funds
    Between low yields and uncertainty around regulations regarding a floating NAV and other proposals, advisers have grown frustrated with money market funds. Many advisers are reducing reliance on the vehicles and seeking out alternatives, mainly certificates of deposit and online savings accounts. The Wall Street Journal (12/13) LinkedInFacebookTwitterEmail this Story
SIFMA takes its next Social Media Seminar - West Coast to San Francisco on February 28th. Engage experts across multiple fields and explore the increasingly important issues our industry faces in light of the rapidly changing and growing tools of social media.
  SIFMA News 
  • EARLY-BIRD SPECIAL: SIFMA 40th Annual Operations Conference & Exhibit 2013 at 2012 prices!
    SIFMA's 40th Annual Operations Conference + Exhibit in Boca Raton, Fla., from April 28 to May 1, 2013 will bring together senior professionals from all corners of the marketplace at the premier event for financial services operations. Take advantage of early-bird pricing so you can engage expert thought leaders to examine the most critical operational, risk management and regulatory issues affecting your firm. In addition, you will gain unique insights and actionable solutions from senior industry professionals, regulators and service providers. LinkedInFacebookTwitterEmail this Story
  • SIFMA Financial Management Society Educational Training Session -- Dec. 18 -- NYC
    SIFMA’s Financial Management Society (FMS) is holding an Education Training Session covering three current and challenging areas confronting brokers today: preparing for CFTC's broader scope of regulation; complying with potential Basel III capital requirements; and implementing the proposed Volcker rule. The session will also include an update by FINRA on rules in development. CPE credits are available and this event is open to FMS members and non-members. Sign up for this session today. LinkedInFacebookTwitterEmail this Story
SIFMA Resources  |  Advocacy  |  Educational Programs/Conferences  |  Newsroom

Legislative and Regulatory Activity  |  Member Committees  |  Newsletters

The best preparation for tomorrow is to do today's work superbly well."
--William Osler,
Canadian physician

LinkedInFacebookTwitterEmail this Story

Subscriber Tools
Print friendly format | Web version | Search past news | Archive | Privacy policy

Sales Account Director:  Abiy Bekele 212-450-7919
A powerful website for SmartBrief readers including:
 Recent SIFMA SmartBrief Issues:   Lead Editor:  Bridget Lux
Mailing Address:
SmartBrief, Inc.®, 555 11th ST NW, Suite 600, Washington, DC 20004
© 1999-2012 SmartBrief, Inc.® Legal Information