Regulatory authorities should concentrate on keeping fixed-income markets open during times of emergency, rather than looking for authority to close them, according to The Bond Market Association. The US Municipal Securities Rulemaking Board (MSRB) has filed with the Securities and Exchange Commission (SEC) for a proposal that would give it regulatory authority to halt trading in the municipal bond market during emergencies. The Association believes such authority would ultimately do more harm than good. Micah S. Green, president of The Bond Market Association, said: ‘In times of stress or damage to critical infrastructure, bond market participants should be permitted to trade, if they can, to provide liquidity to investors and to each other that is critical to our nation’s economy and banking system.’ In a comment letter, the Association noted that the MSRB’s proposal, if granted, would be the first time trading halt authority would be explicitly given to a self-regulatory organization instead of a government agency. The Association believes this would set a bad precedent and that the focus of the debate should be on the significant public policy issues surrounding the appropriateness of any trading halt in an over-the-counter market.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more