Communications: 2008 News & Reports
December 30, 2008
In this Daily Report, read about SIFMA's Buy Side Members Address Loan Modification Policies.
December 23, 2008
In this Daily Report, read about the Mortgage Metrics Report showing foreclosures dropping by 2.6%.
December 22, 2008
In this Daily Report, Register today to attend the January 8, 2009 conference on "Financial Penalty On Treasury Fails".
December 19, 2008
In this Daily Report, Register today to attend the January 8, 2009 conference on "Financial Penalty On Treasury Fails".
December 18, 2008
In this Daily Report, read about the Amendments to SEC Regulation SHO – Rule 204T.
December 17, 2008
In this Daily Report, read about the Asset Managers "Custodian Summit" announcement on January 20th.
December 16, 2008
In this Daily Report, read about the Treasury Market Practices Group's snnouncement on Settlement Fails Recommendations.
December 15, 2008
In this Daily Report, read President-elect Barack Obama's comments on housing.
December 12, 2008
In this Daily Report, read about >The European Asset Management Industry Guidelines to address over-reliance upon ratings.
December 10, 2008
In this Daily Report, Read Chairman Bernanke's statement on Housing, Mortgage Markets and Foreclosures.
December 9, 2008
In this Daily Report, read about the Asset Managers "Custodian Summit" announcement on January 20th
December 8, 2008
In this Daily Report, read about the House Agriculture Committee Hearing on CDS Market.
December 5, 2008
In this Daily Report, read about the SEC's announcement on Proposed Rules relating to Credit Rating Agencies.
December 4, 2008
In this Daily Report, read about the update on The Asset Managers Forum.
December 3, 2008
In this Daily Report, read about restoring confidence in the Securitization Markets.
December 2, 2008
In this Daily Report, read about the Lehman Brothers Inc. letter regarding Prime Brokerage Accounts.
December 1, 2008
In this Daily Report, read about Bernanke's remarks before the Austin Chamber of Commerce.
November 26, 2008
In this Daily Report, read about the Asset Management Group Committee Meetings in December.
November 25, 2008
In this Daily Report, read about the Fed announcement "Purchases of Up To $500 Billion in MBS"
November 24, 2008
In this Daily Report, read about Barack Obama's announcement of nominees for new economic team.
November 21, 2008
In this Daily Report, read about the Central Counterparty Working Group Sets Goals; also ASF Seminar "Restoring Confidence in the Securitization Markets: A Global Initiative"
November 20, 2008
In this Daily Report, read about the announcement from New York State on indefinitely delaying the plan to regulate the CDS market.
November 19, 2008
In this Daily Report, read about AMG's Initiative Regarding TBA Processing.
November 18, 2008
In this Daily Report, read about an upcoming New York State Assembly hearing on Regulating the Credit Default Swap market.
November 17, 2008
In this Daily Report, read about an upcoming SEC Roundtable on mark-to-market accounting practices.
November 14, 2008
In this Daily Report, read AMG Members anticipated additional presentations regarding the CDS Central Counterparty; also progress on TBA discussions.
November 13, 2008
In this Daily Report, read the settlement fails recommendations of the Treasury Market Practices Group. Also note that an ASF/SIFMA call regarding Treasury ABS Liquidity Facility is scheduled for Friday, November 14th at 8:30 AM (ET).
November 12, 2008
In this Daily Report, read the remarks by Treasury Secretary Paulson on the financial rescue package and economic update. Also, read ASF Deputy Executive Director Tom Deutsch Testimony before the House Committee on Financial Services.
November 11, 2008
In this Daily Report, read about the streamlined loan modification program by FHFA and the Federal Reserve delays the Money-Market Investor Fund Facility (MMIFF).
November 10, 2008
In this Daily Report, read a Treasury official’s report on the status of TARP.
November 7, 2008
In this Daily Report, read SIFMA Members’ Open Letter and welcome to the President-Elect of the United States.
November 6, 2008
In this Daily Report, read about the California Governor’s proposed foreclosure moratorium and loan modification plan. Additionally, the Democrats in Congress gear up on regulatory reform.
November 4, 2008
In this Daily Report, read about the FICC resources for TBAs; the Master Securities Forward Transaction Agreement; SEC hard delivery rules (Rule 204T) for equity fails; Treasury fail problems; OTC derivatives central counterparty proposals for CDS; and OTC derivative audit confirmation paper.
November 3, 2008
In this Daily Report, read Fed Chairman Ben Bernanke’s address on the future of mortgage finance; Treasury statement for the Treasury Borrowing Advisory Committee of SIFMA; and an upcoming training class on advanced equities, being held on November 10.
October 31, 2008
In this Daily Report, read about the industry’s further OTC derivatives commitments to the New York Fed; an upcoming training class on advanced equities; and the upcoming SIFMA TARP Summit.
October 30, 2008
In this Daily Report, read about Asset Management Group continuing to assess central counterparty for CDS and the House Financial Services Committee announcing a November 18th hearing on TARP.
October 29, 2008
In this Daily Report, read a recap of the major items discussed at AMG Meeting, as well as highlights of the SIFMA Annual Meeting.
October 24, 2008
In this Daily Report, read about the upcoming AMG Steering Committee Meeting on October 27. Also, check out the SIFMA Annual Meeting speaker line-up on October 28.
October 23, 2008
In this Daily Report, read Congressional testimony on the current situation in the U.S. credit markets; new buy side operations leadership; and upcoming SIFMA events.
October 22, 2008
In this Daily Report, read about a global meeting on the economy and the financial markets on November 15; Congressional hearings on the Credit Rating Agencies and the financial crisis; Treasury names interim Chief Investment Officer for TARP; two action items from buy side operations meeting today; and upcoming SIFMA events.
October 21, 2008
In this Daily Report, read SIFMA CEO Tim Ryan’s testimony from his October 21st Congressional hearing; Chairman Bernanke testifies on options and challenges in economic recovery; and check out upcoming SIFMA events.
October 20, 2008
In this Daily Report, read about Treasury’s announcement on a capital purchase program.
October 17, 2008
In this Daily Report, read about an operations meeting on October 22nd on market conditions and the impact on buy side activities; the line-up of Congressional hearings on the U.S. economy and financial markets; important information on the upcoming SIFMA Annual Meeting on October 28th; and the upcoming SIFMA TARP Summit on November 10th.
October 16, 2008
In this Daily Report, read about the Protocol of the Lehman Brothers Inc. Trustee regarding prime brokerage arrangements and a client money and assets update from Lehman Brothers International (Europe) (in administration).
October 15, 2008
In this Daily Report, read about the upcoming SIFMA Annual Meeting; SIFMA member call on the state of the financial markets; Congressional hearings on the role of financial derivatives in the current financial crisis; DTCC addresses misconceptions about the credit default swap market; and SEC rule on disclosure of short sales and short positions by institutional investment managers.
October 14, 2008
In this Daily Report, read about SIFMA’s TARP Summit with Neel Kashkari on November 10; progress made in OTC derivatives markets infrastructure and President’s Working Group Reports; AMG Market Practices & Standards Committee; and the SEC’s new short sale antifraud rule 10b-21.
October 13, 2008
In this Daily Report, read about Interim Assistant Secretary for Financial Stability Neel Kashkari Remarks before the Institute of International Bankers.
October 10, 2008
In this Daily Report, read President Bush’s comments on the economy and the markets; Lehman bankruptcy situation and AMG as clearinghouse for industry-wide buy side questions; and Specified Trades Protocol 08-02.
October 9, 2008
In this Daily Report, read about the call-in on the Lehman situation / SIPC Trustee that will be held on Friday, October 10, 2008, beginning at 9:30 a.m. Eastern Time. This call-in will include an update on the status of the administrator in Europe. Interim Assistant Secretary for Financial Stability Neel Kashkari will deliver remarks on Monday, October 13, 2008.
October 8, 2008
In this Daily Report, read about an industry call-in on the Lehman situation / SIPC Trustee that will be held on Friday, October 10, 2008, beginning at 9:30 a.m. Eastern Time.
October 7, 2008
In this Daily Report, read about the sign-up deadline for the Money Market Temporary guarantee Program; two Web sites to visit for Lehman Brothers bankruptcy inquiries; and Treasury making adjustments to the auction calendar.
October 6, 2008
In this Daily Report, read Treasury’s announcement for solicitations for financial agents under EESA; Treasury‘s process for selecting asset managers and guidelines for conflicts of interest; SIFMA’s member conference call on EESA and TARP; and SIFMA’s release of Treasury Securities Settlement Fails Best Practices.
October 3, 2008
In this Daily Report, read about Congress passing the Congress passing and the President signing the Emergency Economic Stabilization Act; also reach the SEC’s latest statement on short selling.
October 2, 2008
In this Daily Report, read about the Immediate Action Alert to contact your Congressional representatives regarding The Emergency Economic Stabilization Act of 2008.
October 1, 2008
In this Daily Report, read about the recent pronouncements from the Lehman Brothers, Inc. SIPC Trustee and upcoming Asset Management Group committee meetings.
September 29, 2008
In this Daily Report, Treasury announces temporary guarantee program for Money Market Funds; SEC Office of the Chief Accountant and FASB Staff clarifications on Fair Value Accounting; and SIPC -- James W. Giddens, Lehman Brothers INC. SIPA Trustee, reports on progress of (Lehman) U.S. Liquidation.
September 26, 2008
In this Daily Report, SIFMA seeks your immediate help by contact your members of Congress; SIFMA’s AMG to develop 2nd protocol to settle Lehman TBA MBS (new protocol to be for September settlement); and a new training class on Risk Management in Asset Management set for October 17, 2008.
September 25, 2008
In this Daily Report, SIFMA’s Asset Management Group announces the issuing of TBA Protocol 08-01 to address Lehman Brothers’ outstanding TBA trades for the buy side.
September 25, 2008
In this Special Report, read about how SIFMA’s Asset Management Group is addressing Lehman Brothers’ outstanding TBA trades for the buy side; information on an important SIFMA conference call at 10:00 am ET on 9/25/08 regarding short sale disclosure; and the new reporting requirements for asset managers on short selling which is effective 9/22.
September 21, 2008
In this Special Report, read the U.S. Treasury Department’s special statement providing further clarity for guaranty program for money market funds.
September 19, 2008
In this Weekly Report, read President Bush’s statement on the economy.
September 12, 2008
In this Weekly Report, read about the Asset Management Group’s status of industry initiatives.
September 5, 2008
In this Weekly Report, read about the BIS report on ABX and pricing subprime mortgage risk; South Dakota ballot initiative banning all short sales; updated AMG Best Execution Guidelines for Fixed-Income Securities; an upcoming Lunch & Learn on New collateral Management Issues on September 11th; the latest training class of the lifecycle of a trade for operations on September 29th; SIFMA’s upcoming eTechnology Conference and Exhibit on September 16th. In this week’s Credit Corner, SIFMA supports retaining references to credit ratings in regulations and recommends SEC focus on improving ratings process.
August 29, 2008
In this Weekly Report, read about the SEC’s proposed roadmap toward global accounting standards to help investors compare financial information more easily. Also, check out the newest featured speakers at SIFMA’s Annual Meeting on October 28, 2008, being held this year in New York City.
August 22, 2008
In this Weekly Report, read Chairman Bernanke's remarks on maintaining stability in the financial system.
August 15, 2008
In this Weekly Report, read about SIFMA designating pools containing higher balance loans as TBA-eligible; the latest on energy commodities; the Asset Management Group's outreach in Asia; the upcoming Research Management Conference on September 26 and the SIFMA Annual Meeting in New York City on October 28.
August 8, 2008
In this Weekly Report, read the Report on Reforms to Contain Systemic Risk in the Markets and the SEC&s Guidance on Client Commission Arrangements.
August 1, 2008
In this Weekly Report, read about AMG's new leadership team and the new industry goals for OTC derivatives. In this week's Credit Corner, the SIFMA Credit Rating Agency Task Force Issues Global Recommendations.
July 25, 2008
In this Weekly Report, read about the SEC and the Federal Reserve testifying on systemic risk and the financial markets as well as the latest update on Housing legislation. Also, check out the newest releases from the AMG/AMF -- an FAQ on derivatives and a Service Provider Handbook.
July 18, 2008
In this Weekly Report, read about the Frequently Asked Questions and the OTC Derivatives Service Provider Hanbook, both of which will be released on Tuesday, July 22, at the upcoming Derivatives Service Provider Roundtable. Also, read about the SEC amending the emergency order on short selling.
July 11, 2008
In this Weekly Report, read about the upcoming AMG summer meeting agenda items; the latest Congressional hearings on credit derivatives; Paulson and Bernanke testifying on regulatory reform; the SEC and Federal Reserve agreement on regulatory cooperation; additional responsibilities for Ryan at Treasury. Finally, in this week’s Credit Corner, the SEC issues a report on Credit Rating Agencies.
June 30, 2008
In this Weekly Report, read about the upcoming Derivatives Service Provider Roundtable on July 22; the OMG Rates Implementation Group which is focusing on modernizing the processing related to interest rate swaps; the SEC has opened Rule 15a-6 for comment; and the Energy Markets Emergency Act. Finally, in this week’s Credit Corner, read about the SEC’s Statement on Proposal to Increase Investor Protection by Reducing Reliance on Credit Ratings.
June 20, 2008
In this Weekly Report, read the Treasury Secretary’s recent remarks on the markets and the economy; also read about the proposed ban on commodities investing as well as an upcoming SEC roundtable on Fair Value Accounting. Finally, in this week’s Credit Corner, read about the SEC’s proposed rules on credit rating agencies adn the proposed legislation for municipal bonds.
June 13, 2008
In this Weekly Report, click through to hear an audio replay of the June 5th industry event on derivatives; read SEC Chairman Cox’s outlines for regulatory initiatives relevant to asset managers. In this week’s Credit Corner, read about the SEC’s proposed Credit Rating Agency reform.
June 6, 2008
In this Weekly Report, read about the continuing efforts of SIFMA’s Asset Management Group, ISDA® and Managed Funds Association regarding the Industry Derivatives Initiatives. In this week’s Credit Corner, read about the new guidelines for Credit Rating Agencies and U.S. Treasury Assistant Secretary David G. Nason’s address on the current financial market and economic conditions at SIFMA’s recent Fixed Income Legal and Compliance Conference this week.
May 23, 2008
In this Weekly Report, read about the AMF's Collateral Management White Paper Exposure Draft, the upcoming Institutional Brokerage Conference in New York City on June 4, 2008, and FASB's Facts About Fair Value and June 2, 2008, Webcast.
May 16, 2008
In this Weekly Report, read about four upcoming events of interest to asset managers.
May 9, 2008
In this Weekly Report, read about five major discussion items from the recent AMG Washington D.C. meeting; also read the recent speeches by officials at the Treasury Department and the SEC. In the Credit Corner, the U.S. House of Representatives passes housing legislation.
May 2, 2008
In this Weekly Report, read about an important educational update co-sponsored by ISDA®, MFA and SIFMA's AMG in relation to derivatives trade processing.
April 25, 2008
In this Weekly Report, read the agenda for the upcoming Asset Management Group's meeting in Washington, D.C., and the "Wall Street To Washington Conference" that follows the next day.
April 18, 2008
In this Weekly Report, read a recap on this week's Lunch & Learn on Valuations, as well as the timeline leading up to this week's event. Also, read about the recently proposed housing legislation proposed in Congress.
April 11, 2008
In this Weekly Report, read about the announced panelists for the valuations lunch and learn event on April 17. In this week's Credit Corner, the U.S. Senate passes the Foreclosure Prevention Act of 2008, the White House releases a letter on housing legislation, the Senate hears testimony on the U.S. credit markets and the House Financial Services Committee on the credit markets.
April 4, 2008
In this Weekly Report, read about the upcoming AMG Steering Committee which will be held in Washinton, D.C.; read a recap on an AMG meeting with the SEC on valuation guidelines and the upcoming Wall Street to Washington Conference. And in this week's Credit Corner, read about Treasury's recently released blueprint on the credit crisis.
March 28, 2008
In this Weekly Report, read about the OMG's letter to the Federal Reserve on credit and equity derivatives; an upcoming AMG Lunch & Learn on Valuing Securities and Other Financial Instruments on April 17, 2008; and NASDAQ cancelling their symbology initiative. This week we add a new feature to the newsletter -- Credit Corner. This week, we look t Moody's soliciting comments on the proposed changes in mortgage securitization and Treasury Secretary Paulson addressing Fed oversight and the house market.
March 20, 2008
In this Weekly Report, read about an upcoming Asset Management Group Lunch & Learn on Valuing Securities and Other Financial Instruments on April 17, 2008; information on the new AMF Standard Fail Report White Paper; information regarding the SEC's No-Action Letter on Electronic Confirmations; information on the AMF's Overdrafts Guidelines which are now open for comment and the latest training class for Asset Managers on Bank Loans on April 7, 2008.
March 14, 2008
In this Weekly Report, read about the latest activities from Washington, including the President’s Working Group issuing a policy statement to improve the future state of the financial markets and SIFMA CEO’s response; the FHA Housing Stabilization & Homeownership Retention Act; the Emergency Mortgage Loan Modification Act of 2008; Congressional examination of the municipal bond industry and the SEC to issue guidance on auction rate debt; the SEC and CFTC formalize coordination (with video replay); and SIFMA’s support of the SEC efforts to reform U.S. Regulation.
February 29, 2008
In this Weekly Report, read a recap of the latest AMF Quarterly Meeting held on February 28 and read about the upcoming training class on credit derivatives on March 19.
February 22, 2008
In this Weekly Report, read a report on improvements to financial reporting and information on the upcoming buy side operations meeting.
February 15, 2008
In this Weekly Report, read about the three-day e-trading conference in London, recent remarks from Treasury officials on housing, regulation and GSE reform and information the upcoming Derivatives Processing Workshop.
February 8, 2008
In this Weekly Report, read about the latest initiatives being sponsored by the Asset Management Group.
February 1, 2008
In this Weekly Report, read about Assistant Treasury Secretary Ryan's recent speech addressing liquidity in the financial markets, a recent conference call on the Trade Information Warehouse for Derivatives and the AMF's participation at the recent SIFMA Operations Committee Offsite meeting on January 30-31.
January 25, 2008
In this Weekly Report, read a recap of the recent Asset Management Group's Steering Committee meeting which was held in Boston on January 23; and find out who our newest member firms are.
January 10, 2008
In this Weekly Report, read about the much-anticipated final release of the AMG's Best Execution Guidelines for Fixed-Income. Find out where asset management will be in 5 years at our January 15 lunch & learn. Lastly, recent remarks by Treasury Secretary Paulson on housing and the capital markets.