SIFMA Statement On Administration’s OTC Derivatives Proposal

Tim Ryan, President and CEO of the Securities Industry and Financial Markets Association (SIFMA), today released the following statement after the Obama Administration released its plan concerning over the counter (OTC) derivatives:

“SIFMA welcomes the Administration's initiative with respect to regulatory reform of OTC derivatives. Our members continue to support efforts to reduce systemic risk, strengthen the infrastructure for derivatives transactions, and improve regulatory transparency. It is important that new regulatory measures preserve the usefulness of derivatives as risk management tools for American businesses and we look forward to working with the Administration to ensure that outcome.”