The American Bankers Association urged the Municipal Securities Rulemaking Board on Wednesday to consider the compliance costs of its draft amendment to include bank dealers in the SEC’s Regulation Best Interest Rule to only recommend financial products that are in their customers’ best interests.
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The American National Standards Institute has renewed its accreditation of the CUSIP identifier as the U.S. standard for unique securities identifiers, CUSIP Global Services announced today.
In response to a request from the Municipal Securities Rulemaking Board seeking industry input on its strategic goals, the American Bankers Association yesterday submitted a letter providing several recommendations.
The American Bankers Association Securities Association last week joined six other industry groups in a letter to Senate leaders supporting a bipartisan bill that would permanently reinstate the federal tax-exemption for interest on advance refunding municipal bonds.
In its most sweeping move yet to prop up the U.S. economy amid the coronavirus pandemic and public health response, the Federal Reserve this morning unveiled several new facilities to support the flow of up to $300 billion in financing to households and businesses and committed to quantitative easing “in amounts needed” to support market functioning.
The American Bankers Association yesterday wrote to the Federal Reserve, FDIC and OCC in support of an interim final rule the agencies issued recently implementing an ABA-advocated provision of S. 2155 that expands the pool of what counts as high-quality liquid assets under the Liquidity Coverage Ratio.
The federal banking agencies today issued an interim final rule that implements an ABA-advocated provision of S. 2155 that expands the pool of what counts as high-quality liquid assets under the Liquidity Coverage Ratio.
The Securities and Exchange Commission today adopted amendments regarding disclosure requirements for direct loans and purchases in the secondary municipal securities market.
Fifty-one state bankers associations today wrote to members of the Senate Banking Committee encouraging lawmakers to continue pursuing the goal of bipartisan regulatory reform.