SIFMA Releases 2013 Year in Review Report

SIFMA issued its 2013 Year in Review Report, which covers the role of the financial industry in economic growth and job creation, as well as progress in the financial regulatory reform process. Among the issues that the report identifies as being matters of political and/or regulatory concern, and as to which the report briefly expresses a view, are the following:

• The imposition of a fiduciary standard on broker-dealers
• Tax incentives for retirement savings
• State-run retirement plans for private-sector employees
• The use of eminent domain authority to seize homes that have underwater mortgages
• The effect of credit risk retention and qualified residential mortgages on the housing markets
• The regulation of the government-sponsored enterprises
• The regulation of money market funds
• The registration of municipal advisors
• Equity market structure and the role of the SROs
• Securities information processors
• The consolidated audit trail
• Derivatives
• The Volcker Rule
• The potential for default by the U.S. government
• Cross-border trading
• Financial transactions taxes
• Capital requirements
• The establishment of a global legal entity identifier

See: SIFMA Report.