SIFMA Statement On Nomination Of Jacob Lew As Treasury Secretary

SIFMA today released the following statement from President and CEO Tim Ryan upon President Obama’s nomination of Jacob Lew to be Secretary of the Treasury.

 “We congratulate Jack Lew on his nomination to be Secretary of the Treasury and look forward to working with him. The next Treasury Secretary will face a host of issues, including addressing our fiscal deficit and debt, reforming our housing finance system,   the continued implementation of Dodd-Frank, and the European debt crisis. Importantly, the next Treasury Secretary should use his position as chair of the Financial Stability Oversight Council to take a leadership role in better coordinating the hundreds of rules stemming from Dodd-Frank and other financial regulations to insure that US capital markets remain a catalyst for capital formation and job creation.”