SIFMA

Gen AI is a rapidly developing technology disrupting business across industries. While the technology and potential of Gen AI is generally well understood across the financial industry, its adoption poses various challenges institutions are working to overcome.  In a new Pennsylvania + Wall guest post, Deloitte highlights the common themes expressed by participants from the SIFMA & Deloitte Virtual Forum: Generative AI And AI Risk Management that was hosted on March 28th➡️ https://bit.ly/3LprsUT #GenAI #AI #capitalmarkets

We are excited to welcome Stephen Byron to SIFMA as Managing Director, Head of Technology, Operations and Business Continuity! https://bit.ly/4cLabS4

The SEC recently adopted amendments to Rule 605 of Regulation NMS. These amendments expand the scope of entities subject to the rule and update the data required in execution quality reports. Join us for an in-depth discussion on why these changes matter, how the rule impacts broker-dealers, the key considerations, and why you should start planning for implementation now to ensure your firm's readiness. Register today: https://lnkd.in/ePM4np76

Ellen Greene, SIFMA's Managing Director of Equity and Options Market Structure, is cautiously optimistic about the overall health of the options market but has concerns about recent regulatory proposals and market structure issues. "We have the deepest, most liquid markets in the world," said Ellen in an interview with John Lothian News at the 2024 Options Industry Conference. "Unless you’re really identifying something that’s wrong with the market structure, it seems really shortsighted to make tweaks to it which could actually harm investors in the long run." Watch here 👉 https://bit.ly/3RS7hmc

Suspicious activity reports (SARs) take up major time and resources at financial institutions far exceeding the government’s estimates. Download the letter sent to the Financial Crimes Enforcement Network, US Treasury by the Bank Policy Institute, Financial Technology Association, ICBA, American Gaming Association and SIFMA: https://bit.ly/3L8o28Z #SIFMAaml

Current FINRA and Municipal Securities Rulemaking Board rules require that (most) fixed income trades must be reported as soon as practicable but no later than within 15 minutes of the time of execution. In early 2022, U.S. Securities and Exchange Commission Chair Gary Gensler wondered “why couldn’t the outer bound be shortened to no later than, for example, 1 minute?” In this post, SIFMA's Chris Killian and Leslie Norwood explain why moving directly to a significantly shortened trade reporting timeframe for most fixed income trades is destined to be rife with problems 👉 https://bit.ly/4eKSeoi #finreg #fixedincome #capitalmarkets

NEW📣In the latest Market Metrics & Trends report, SIFMA Insights looks at the performance of the S&P 500 across different characteristics as we close out the first half of the year. Explore here: https://bit.ly/4cozUzO June 2024 Metrics: • Volatility (VIX): Monthly average 12.68; -2.9% M/M, -9.4% Y/Y • S&P 500 (Price): Monthly average 5,415.14; +3.4% M/M, +24.6% Y/Y • Performance (month/year): best = tech/ tech +9.3%/+27.8%; worst = utilities/real estate -5.8%/-4.1% • Equity ADV: Monthly average 11.9 billion shares; -4.6% M/M, +5.4% Y/Y • Options ADV: Monthly average 46.6 million contracts; +7.8% M/M, +4.3% Y/Y #capitalmarkets #equitymarkets #listedoptions #markets #ADV #VIX #sp500

This June, SIFMA hosted the 2024 #SIFMADiversity & Inclusion Leadership Summit in NYC. Read the top 5 takeaways from our enlightening conversations here: https://bit.ly/3ziMfXt It was wonderful to talk with so many friends and colleagues! Over two days, we heard from industry executives, regulators, communications leaders, AI experts, and diversity practitioners as they discussed best practices and innovative solutions to the toughest challenges that are having a real impact on the industry and the communities we serve. View the full photo album here: https://bit.ly/3L9lpnA A special thank you to all who made this event possible especially our sponsors, moderators and speakers: Saima Ahmed Keisha Bell Nathaniel H. Benjamin Jordan Bickerton Troy Duffie Tanisha Cole Edmonds Avi Gesser Katia Paz Goldfarb Lisa Hunt Darius Johnson Jean Lam MacInnes Matt McDonald Janie Mines Sam Ramirez Jr. Jo-Ann Rolle, Ph.d. Amanda Scipione Ishita Sengupta Pedro Suriel Theresa Torres Joseph Vaughan Liza Velazquez Rainia L. Washington Joseph I. Wells Erika Whyte, MBA Kashif Zafar

The American Bankers Association, Bank Policy Institute, Institute of International Bankers and SIFMA have raised serious concerns with the Cybersecurity and Infrastructure Security Agency on its plan to implement new cyber incident reporting laws. The proposed rule would require victims of cyber incidents, like a data breach or other attack, to report to CISA within 72 hours of determining that an incident has occurred. For more details, read the joint press release: https://bit.ly/3xzqFxB

The U.S. Supreme Court has issued an opinion overruling the Chevron deference doctrine, and holding that courts must exercise their own independent judgment in deciding whether an agency has acted within its statutory authority. On Tuesday, July 9, SIFMA will host a briefing for SIFMA members to discuss the potential consequences of this important decision for the capital markets and financial services industry. Weil Gotshal's Mark Perry and Robert Stern will join SIFMA's Kevin Carroll to provide expert analysis and projections. Register Today: https://lnkd.in/e_TFdfnW