SIFMA - Randy Snook's Remarks at the MSRB/SIFMA Muni Bond Summit (with Link to CWT Memo on Volcker and Municipal Securities)

In this opening address, SIFMA's Randy Snook explains why the municipal market is unique, the challenges posed by Dodd-Frank, new disclosure requirements under MSRB Rule G-17, and efforts by SIFMA to keep the market safe and facilitate rule compliance for professionals. As to Dodd-Frank, Mr. Snook urged that there be a complete exemption from the Volcker Rule for municipal securities. (For a prior Cadwalader article describing the problems that Volcker causes for municipal securities, view link here.)

View speech here (links externally to SIFMA website).See also: September 18 news entry on the Summit; News article describing the speech of SEC Commissioner Walter (and link to the speech).