In a column published in today’s Bond Buyer and in a group letter to congressional leaders, BDA opposed a proposal pending in Congress to require municipal issuers to file financial disclosure documents such as annual financial statements in “machine-readable” format. BDA said “implementation of a machine-readable standard for municipal disclosures would be full of problems” and would…
Author: Bond Dealers of America
NOW AVAILABLE: Fixed Income Insights Digital Magazine – Fall 2022
BDA is happy to release the Fall issue of our quarterly magazine, Fixed Income Insights. Please click here or on the image above for full access to our Fall issue. Welcome to football seasons and the national mid-term elections! And to Fall issue of Fixed Income Insights – the BDA’s quarterly magazine on the U.S. fixed income markets,…
BDA opposes MSRB, FINRA proposals for one-minute trade reporting
BDA today filed comments with the MSRB and FINRA on their coordinated proposals to reduce the time dealers have to report trades to the MSRB’s Real-time Trade Reporting System (RTRS) and FINRA’s Trade Reporting and Compliance Engine (TRACE) from 15 minutes to one minute (MSRB proposal and FINRA proposal). We told the agencies “BDA strongly opposes the…
DC Fly-In Recap: BDA Meets with Key Policy Makers to Discuss Muni Priorities
This week, the BDA hosted a DC advocacy fly-in, meeting with key senior Congressional staff to discuss BDA’s tax priorities. This is the first BDA IN PERSON FLY-IN since the onset of the COVID pandemic and we plan to host multiple similar events next year as the new Congress gets underway. Educational efforts such as this are…
BDA comments on MSRB fee proposal
BDA filed comments with the SEC on a MSRB proposal to establish a new fee rate setting process for dealers and municipal advisors. In our letter we oppose the MSRB’s proposal and request that the SEC reject the initiative. The proposal would establish a new process for setting MSRB fees for regulated entities. Rather than…
Legislative Analysis and Muni Bonds with Tom Kozlik and Brett Bolton
Leaning into Disruption: Michael Decker of BDA talks with Elisabeth Kirby, Head of Market Structure at Tradeweb about regulation, T+1, retail versus institutional e-trading adoption and the impacts on US bond market structure.
In the latest episode of the BDA podcast series “Leaning into Disruption” Michael Decker of BDA talks with Elisabeth Kirby, Head of Market Structure at Tradeweb about regulation, T+1, retail versus institutional e-trading adoption and the impacts on US bond market structure.
ADVOCACY VICTORY – FINRA Board of Governors Approves Changes to Rule 11880, Shortening the Corporate Syndicate Settlement Time. Rule 11880 unchanged since 1987 has been a top priority for BDA and members. Pending SEC approval, this is a very positive development forward for any firm participating in a corporate syndicate.
BDA joins eight municipal market advocacy groups in filing joint comment letter on MSRB’s Notice on ESG-labeled municipal securities.
Please click here for the joint comment letter.