Regulation/Compliance

September's bond market news: The Securities and Exchange Commission fines advisors $1.3 million, Trump promotes a U.S. sovereign wealth fund, and more key developments.

The agencies are overstepping their statutory authority in trying to force the market to adopt a new securities identifier, says the American Bankers Association.

Increasing capital requirements for banks may incentivize them to buy Treasuries over other assets, including munis, said market participants.

The board is asking market participants to submit input on how their rules and practices generally impact small firms.

The first fees filed under the MSRB's new rate card model are in line with expectations,but its long term budget growth has some worried about its future.

For those of us who study government finance, either for investment purposes or for public policy purposes, complete data sets are far more useful than partial ones that will necessitate ongoing use of legacy PDFs of those issuers that are exempt.

Securities and Exchange Commission chairman Gary Gensler, speaking in front of the Senate Banking Committee, defended his tenure and the 22 rulemaking proposals he's adopted in the last few years.

The MSRB will request comment on Rule G-12 on inter dealer confirmations and seeks to codify or retire nearly 40 pieces of interpretive guidance related to it.

But the Securities and Exchange Commission's best-execution proposal, largely dismissed as duplicating an existing Financial Industry Regulatory Authority edict, could have wide-ranging implications for trading firms in options, bonds, and crypto securities as well as equities.

The board will be accepting comments on amendments to Rule G-47 until April 17.