SIFMA proposed a set of "overarching principles" that should guide future revisions and re-proposals regarding incentive-based compensation arrangements at covered financial institutions. In a comment letter, SIFMA stated that the responsibility for promulgating these revisions and re-proposals would fall on the Office of the Comptroller of the Currency, the Federal Reserve, the FDIC, the National Credit Union Administration, the SEC and the Federal Housing Finance Agency (collectively, the "Agencies") pursuant to Dodd-Frank Act Section 956 ("Enhanced Compensation Structure Reporting"). The
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A group of financial industry associations outlined a set of principles they deemed "essential" to developing effective cybersecurity, data and technology policies.
SIFMA asserted that insider trading liability should not rely "solely on notions of friendship or family alone, but should instead focus on proof that the tipper obtained, directly or indirectly, something of a 'pecuniary or similarly valuable nature.'"
Participants at SIFMA-TCH 4th Annual Prudential Regulation Conference debated market developments since the enactment of the Dodd-Frank Act.
Various trade associations and business groups welcomed the formation of the Transatlantic Financial Regulatory Coherence Coalition, the purpose of which is to promote the Transatlantic Trade and Investment Partnership ("TTIP") agreement.