The SIFMA Podcast

In this episode of the SIFMA Podcast, Ken Bentsen, SIFMA’s president, and CEO, sits down with Stephen Byron, Managing Director, Head of Technology, Operations, and Business Continuity, SIFMA to discuss the 5 key takeaways from SIFMA’s 2024 Operations and Technology Conference and what’s ahead in the operations space. 

In this episode of The SIFMA Podcast, we share a replay of the Treasury Clearing panel discussion at SIFMA’s recent Operations Conference & Exhibition. But first, SIFMA’s Chief Operating Officer, Joseph Seidel, sits down with panel moderator Robert Toomey and SIFMA Asset Management Group’s Bill Thum to outline what firms need to be doing today to prepare for the SEC rules, SIFMA’s new documentation to allow market participants to meet their clearing documentation needs efficient, and next steps for the industry to meet the aggressive timeline for implementation.

Podcast guests:

• Joseph Seidel
• Robert Toomey
• William Thum

Panelists:

• Robert Toomey
• Laura Klimpel
• Anthony Medici
• Thomas Wipf
• Nathaniel Wuerrffel

In this episode of The SIFMA Podcast, SIFMA’s Chief Operating Officer Joseph Seidel sits down with Craig Lewis, former Chief Economist and Director of the Division of Economic and Risk Analysis, or DERA, at the SEC, to discuss the SEC’s approach to economic analysis as the basis for rule proposals. 

In this episode of The SIFMA Podcast, SIFMA's Chief Operating Officer Joseph Seidel sits down with Dr. Peter Ryan, Managing Director, and Head of International Capital Markets and Strategic Initiatives, to discuss the status of the Basel III Endgame proposal in the United States. A recent study found that the proposal would cause U.S. economic growth to decline by up to 56 basis points – equivalent to a 25% reduction in the U.S. compound annual growth rate. While there is uncertainty around the regulatory process that lies ahead, it is clear that the rule will not be implemented by its July 2025 deadline. This discussion dives into the proposal's implications for the U.S. capital markets and the broader economy, and the need for material – and necessary – changes in the form of a complete re-proposal.

In this episode of The SIFMA Podcast, SIFMA president and CEO Kenneth E. Bentsen, Jr. and Ken Cella, Principal and Head of External Affairs for Edward Jones and 2023-2024 Chair of SIFMA's Board of Directors, discuss SIFMA's commitment to fostering effective and efficient capital markets, our role on behalf of the membership, and the goals we have set out to achieve under the direction of our leadership.

 In this episode of The SIFMA Podcast, SIFMA president and CEO Kenneth E. Bentsen, Jr. sits down with Robert Toomey and William Thum, who outline SIFMA and SIFMA AMG's partnership to advance multiple workstreams and short-term deliverables that will set the stage for long-term implementation. These include standard documentation, enhancements to market structure, further needed regulatory reforms, and an operations timeline for all participants to adjust ahead of the 2026 go-live for U.S. Treasury clearing. 

In this episode of The SIFMA Podcast, SIFMA's Joseph Seidel and Dr. Peter Ryan identify and discuss three key takeaways from SIFMA's recent Basel III Endgame Roundtable. The Basel III Endgame package of reforms:

1. Is unprecedented in its scale and scope and deviates from its original intent;
2. Must be re-proposed in full for both substantive and legal reasons; and
3. Must be subject to wide-ranging and material revisions that also take into account the proposal's interactions with other elements of the U.S. capital framework.

In their discussion, they highlight remarks from the Roundtable's diverse group of regulatory, academic and business participants. They cover the proposal's implications for the U.S. capital markets, end-users, and broader economy, and the prospects for material changes to the proposal, particularly its trading book-related components. 

In this episode of SIFMA's podcast, Ken Bentsen, SIFMA's President and CEO, and Tom Price, Managing Director of Technology Operations and Business Continuity, discuss the final days leading up to the transition to T+1 day settlement. They discuss the industry's readiness for the transition, the history of settlement cycles, and the benefits of T+1. They also highlight the resources available and the importance of communication during this transition. 

 In this episode of the SIFMA Podcast SIFMA President & CEO Ken Bentsen sits down with Scott Smith, Director of Advice Relationships at Cerulli Associates, and Lisa Bleier, Head of Wealth Management and Retirement and State Government Affairs at SIFMA. They discuss new findings issued by SIFMA and Cerulli Associates regarding the current landscape of financial planning, namely the increasing desire from investors for personalized comprehensive advice delivered through trusted advisors. They also dive into the proposed DOL fiduciary rule and how it conflicts with the needs of the next generation of investors as laid out in the research. 

About 30% of the world is neurodivergent and these are major untapped talent pools. With some minor adjustments and accommodations to workplace processes we can enable these colleagues to work in this industry, be their very best and create an inclusive culture.

In the latest episode of our SIFMA DE&I podcast series, we sat down with JPMorgan Chase’s Head of Office of Disability Inclusion and Neurodiversity, Bryan Gill for a discussion on JPMorgan Chase's investment in neurodiversity, bringing intentional effort to be inclusive in this community and the superpowers that they can bring to a firm. 

He also highlights the advocacy work being done to remove barriers from archaic regulations, how allyship in the workplace can support neurodivergent colleagues, leading with empathy and the cultural impact it has on an organization.

For more information on fostering and expanding workforce, client, and supplier diversity equity and inclusion, please visit www.sifma.org/diversity.