SIFMA

SIFMA CEO Ken Bentsen and Head of Municipals Leslie Norwood discuss developments at the organization, the legislative outlook, and regulatory developments related to ESG. Kyle Glazier hosts. (28 minutes)

SIFMA had argued that the SEC's temporary exemption order for municipal advisors was arbitrary and capricious.

The Securities Industry and Financial Markets Association has bolstered its team with the additions of Jennifer Jacoby, Matthew Grinney and Nick Key.

Hammerman has spent more than 18 years with the group, participating in a number of important policy discussions about munis.

"Compromises had to be made," Neal said about muni market proposals being dropped from the Build Back Better agenda.

SEC Chairman Gary Gensler focused much of his comments during SIFMA’s Annual Meeting on why he considers himself to be just getting the ball rolling on climate disclosures.

The case may turn on whether the SEC’s temporary order is capable of repetition and evading review.

The proposed changes would reduce the volume of disclosures dealers have to make to customers each year.

At stake, from SIFMA's perspective, is the potential of the SEC to revive the exemption in the future.

Current rules require disclosures to customers who probably do not need them, industry lobbying groups argue.

Dealers and muni advisors think the loyalties of solicitor MAs should be clearly disclosed.

The proposed changes are part of the MSRB's ongoing retrospective rule review.

The White House and a bipartisan cadre of lawmakers appear committed to getting infrastructure, including top muni market lobbying goals, achieved.

The MSRB will retire 15 pieces of guidance, though those will still be available online for historical purposes.

The bonds would include a subsidy rate of 28% and would be exempt from sequestration.

His departure comes as lawmakers are working quickly to put together an infrastructure bill, with hopes of including key municipal bond provisions.

Among over 1,200 dealers registered with the MSRB, 21 firms are bank dealers who would be impacted by the change.

Reinstating certain municipal bond provisions would make way for more infrastructure investment.

The use of alternative trading systems is growing, accounting for 21% of all trades in 2020.

Bills to expand the use of tax-advantaged bonds that are being reintroduced in the new Congress have favorable odds for being signed into law this year.