The Securities Industry and Financial Markets Association (SIFMA) today released the following statement from SIFMA President and CEO Tim Ryan in reaction to President Barack Obama’s speech on financial regulatory reform.
“We share President Obama’s urgency to get bipartisan regulatory reform passed, ensuring financial markets have the certainty they need to effectively contribute to America’s economic recovery and job creation. While we disagree on some of the details—specifically on the Volcker rule and aspects of the derivatives portion of the legislation—it should not distract us from our overall shared goal of passing responsible reform. As the Senate continues its efforts to craft bipartisan legislation, we hope they can move past partisan politics and focus on the substantive issues that are critical to get right. We remain committed to working with Congress to get the details right, and responsible reform enacted.”
