During FINRA’s September Board Meeting, the FINRA Board of Governors approved revisions to the Covered Agency Transaction margin requirements that would: (1) Eliminate the 2-percent maintenance margin requirement; (2) Allow firms to take a capital charge in lieu of collecting margin for mark to market losses, subject to specified limitations and conditions; and (3) Streamline the…
Author: Bond Dealers of America
BDA Announces Formation of Working Group on Fixed Income Market Structure
October 3, 2018 This week, the Bond Dealers of America (BDA) announced the formation of a Fixed Income Market Structure Working Group. The working group will focus on all aspects of fixed income market structure with leadership from the retail, institutional, taxable and municipal bond markets. The goal of the working group will be to engage with regulators at the SEC, FINRA…
Bond Buyer: BDA group wants to play key role in fixed income market structure
By: Lynn Hume Published October 03 2018, 2:26pm EDT WASHINGTON — The Bond Dealers of America has formed a Fixed Income Market Structure Working Group to advise regulators, lawmakers and market participants on structural changes in the fixed income industry and marketplace. The regulators will include the Securities and Exchange Commission, the Municipal Securities Rulemaking…
MBFA Increases Its Advocacy Efforts: Spearheads Two Capitol Hill Sessions on the Muni Bond Market and Hosts Fundraiser for Ranking Democrat on House Ways & Means Committee
Earlier this week, the BDA-led Municipal Bonds for America (MBFA) Coalition increased its advocacy efforts for the support of municipal finance and the tax exemption through multiple events on Capitol Hill over two days. Below is a recap of the events. Educational Seminar and Lobby Day On Monday, September 24th, the MBFA Coalition held two…
BDA & Court Street Group Research Release A Muni Bond Primer
The Municipal Bond Market: Building America’s Infrastructure The BDA and CSG are proud to release this primer on municipal bond finance as BDA represents our member firms as a thought leader on infrastructure, the utilization of and benefits from the municipal bond market. The Municipal Bond Market: Building America’s Infrastructure, is a collaborative work that gives novices…
BDA Submits Comment Letter: MSRB Draft Amendments to Primary Offering Rules
The BDA submitted a comment letter in response to the MSRB Request for Comment on Draft Amendments to Primary Offering Rules. The notice can be viewed here. The final comment letter can be viewed here. The comment letter focuses on the following topics: G-11 Primary Offering Practies Free-to-Trade Wire; and Alignment of the time frame…
BDA 3Q Update – Representation of Member Firms
BDA’s 3rd Quarter Priorities are available to view and print, click the photo above. For additional information on any of these issues please contact the BDA’s DC office at 202-204-7900 or go to www.bdamerica.org. Thank you for your continued support!
Innovative Financing for a 21st Century Infrastructure
BDA Hosted Roundtable Early 2019 As the 116th Congress kicks off in early 2019, attention will turn to major policy initiatives that were unfinished in the previous session and at the top of this priority list will be infrastructure. The BDA is in the process of planning a D.C. infrastructure event in early 2019 to…
Commentary BDA calls on Michigan Legislature to promote invesment, not hamper growth
By Michael Nicholas Published August 31 2018, 1:19pm EDT Michigan municipalities’ statewide have turned the corner since the 2008 recession. According to the Center for Michigan, since 2009 the state has the nation’s seventh fastest growing economy. Investment is flowing back into the state including Metro Detroit where the economy accounts for over half of…
Recap: BDA Institutional Fixed Income Roundtable August 16th, Chicago, IL
On Thursday, August 16th over 50 fixed income leaders from BDA member firms attended BDA’s Institutional Fixed Income Roundtable at the Four Seasons Hotel in Chicago, IL. Attendees heard from taxable and municipal market experts, engaged in active discussions on fixed income market structure and the SEC’s focus, municipal market trends, and business conditions and…