MSRB proposes to extend SEC’s Regulation Best Interest to bank dealers
The Municipal Securities Rulemaking Board today proposed a rule change that would amend an existing rule on the suitability of recommendations and transactions.
Browsing: Municipal finance
ABA Urges MSRB to Consider Compliance Cost of Expanded Best Interest Rule
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.
CUSIP Identifier Re-Accredited as U.S. Standard for Securities Identification
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.
ABA Offers Feedback on MSRB’s Strategic Goals
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.
ABASA, Trades Write Senators to Support Municipal Bonds
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.
Fed Expands Stimulus Measures, QE; Will Support Corporate Credit
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.
ABA Supports Rule Implementing S. 2155 Liquidity Provision
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.
Agencies Issue Final Rule Implementing S. 2155 LCR Adjustment
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.
SEC Amends Disclosure Requirements for Municipal Securities
The Securities and Exchange Commission today adopted amendments regarding disclosure requirements for direct loans and purchases in the secondary municipal securities market.
State Associations Call for Continued Bipartisan Work on Reg Reform
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.