AMF Swaps Initiative Leaders to Participate in ISITC-IOA and TBMA Events
On Monday, December 6, 2004, the leaders of the AMF Swaps Best Practices Initiative will discuss the progress of the committee at the ISITC-IOA Quarterly Meeting in Palm Beach, Florida and at The Bond Market Association's Technology Conference in New York City on December 8, 2004. At these events, the Swaps leaders will talk about the issues and challenges raised by the industry and present documentation that lays the groundwork for a recommended series of Best Practices.
Click here to view the agenda for the ISITC-IOA Meeting
Click here to register for the ISITC-IOA Meeting
Click here to view the agenda for TBMA Technology Conference
Click here to register for TBMA Technology Conference
ISITC-IOA Chairman, Kevin R. Smith, Senior Vice President at The Bank of New York (pictured left), offers the support of ISITC-IOA in the AMF Swaps Best Practices Initiative. Mr. Smith encourages custodians to join the industry effort and to lend value to the subcommittees where needed.
Click here to view a video highlight
SEC Seeks to Increase Oversight of SROs
In a meeting on November 9, 2004, the Securities and Exchange Commission voted to put forth a proposed rule and concept release designed to strengthen the governance of Self Regulatory Organizations, increase the transparency of their operations and enhance the Commission's ability to oversee them. Specifically, the proposed rule would require SROs to adopt governance standards, increase their public disclosure of operating structure and governance policies and require that they submit reports to the Commission. The concept release seeks public comment on the overall SRO model and comment on a possible alternative model.
The proposed rule and concept release will soon be made available for public comment.
Click here to read the SEC Press Release
Click here to read Chairman Donaldson's Remarks on SRO Governance Rule Proposal