Shows
The SIFMA PodcastSIFMA Consolidated Audit Trail (CAT) Reform RecommendationsIn this episode of The SIFMA Podcast, SIFMA President and CEO Kenneth E. Bentsen, Jr., is joined by colleague Joe Corcoran, Managing Director and Associate General Counsel, to discuss SIFMA’s recommendations to the Securities and Exchange Commission on how to reform the Consolidated Audit Trail, or the CAT.Together, they discuss:Background on CATWhy CAT is back in the SpotlightSIFMA’s key recommendations for reform2025-06-2622 min
The SIFMA PodcastRecommendations and Considerations for the SEC’s Crypto Task Force RFI on Digital AssetsIn the latest episode of The SIFMA Podcast, SIFMA President and CEO Kenneth E. Bentsen Jr. is joined by colleagues Peter Ryan and Charles DeSimone to unpack SIFMA's response to the SEC Crypto Task Force’s request for information on digital assets.Together, they discuss:Key issues raised by Commissioner Hester Peirce’s statementSIFMA's policy recommendations on securities classification, custody, and tokenization - covering both sell- and buy-side perspectivesThe need for clarity, consistency, and technology-neutral rulesHow existing frameworks can adapt to support innovation without compromising investor protectionAnd more.2025-06-0524 min
The SIFMA PodcastRegulation, Innovation, and Risk: A Recap of SIFMA’s 25th Annual AML ConferenceIn this episode of The SIFMA Podcast, we recap key moments from SIFMA’s 2025 Anti-Money Laundering & Financial Crimes Conference, held in Washington, DC. SIFMA President and CEO Kenneth E. Bentsen, Jr., is joined by Saima Ahmed, SIFMA's Executive Vice President and General Counsel, and Bernard Canepa, Managing Director and Associate General Counsel at SIFMA, to discuss insights from the conference's moderated keynote sessions. Highlights include conversations with:Dr. Michael Faulkender, Deputy Secretary at the U.S. Department of the TreasuryAntonia Apps, Deputy Director of Enforcement at the U.S. Securities and Exchange CommissionU.S. Senator Mark Warner of Vi...2025-05-281h 38
The SIFMA PodcastInsights on the Future of Operations: Highlights from SIFMA OpsIn this episode of The SIFMA Podcast, we recap highlights from SIFMA’s 2025 Operations Conference & Exhibition, held in Orlando, Florida. SIFMA President and CEO Kenneth E. Bentsen, Jr., is joined by Chief Operating Officer Joseph Seidel and Stephen Byron, Managing Director and Head of Technology, Operations, and Business Continuity. Together, they unpack insights from two standout sessions:Redefining Efficiency and Client Strategy in a Changing Regulatory LandscapeExecutive Insights: Modernization, Market Trends, and the Future of OperationsTune in for expert perspectives on the evolving operations landscape and what it means for the industry going forward.2025-05-151h 11
The SIFMA PodcastFinancial Literacy Month: Insights from the SIFMA Foundation and Charles SchwabIn recognition of Financial Literacy Month, SIFMA President and CEO Kenneth E. Bentsen, Jr. hosts a discussion with Lisa Hunt, Managing Director and Head of International Services at Charles Schwab, and Melanie Mortimer, President of the SIFMA Foundation.In this episode of The SIFMA Podcast, they explore the critical role of the financial services industry in advancing financial education, the work being done by Charles Schwab and the SIFMA Foundation in supporting financial education, and the impact of their programs on communities across the country.2025-04-3029 min
The SIFMA PodcastRethinking Leverage Ratios: Why US Treasuries Should Be ExemptIn this episode of The SIFMA Podcast, SIFMA Chief Operating Officer Joseph Seidel is joined by Dr. Guowei Zhang, Managing Director at SIFMA, to unpack the critical role of leverage ratios in the U.S. Treasury market – and why exempting them from leverage ratio calculations may be key to strengthening market resilience.Together, they explore:How current leverage ratio requirements, implemented in 2018, may limit banks’ capacity to intermediate in Treasury markets.SIFMA’s latest analysis quantifying the impact of U.S. Treasury holdings on bank leverage ratios.Evidence from the temporary exemption during...2025-04-2408 min
The SIFMA PodcastShaping the 2025 Regulatory Roadmap: Insights from the SEC and FINRA at SIFMA’s C&L SeminarIn this episode of The SIFMA Podcast, SIFMA President and CEO Kenneth E. Bentsen, Jr. sits down with SIFMA General Counsel Saima Ahmed to unpack key takeaways from the 2025 SIFMA Compliance & Legal Annual Seminar.They discuss top regulatory priorities, evolving compliance expectations, and what’s on the horizon. With exclusive conversations live from the Seminar floor, this episode brings you firsthand insights from:Mark Uyeda, Acting Chairman, U.S. Securities and Exchange Commission (SEC)Robert Cook, President and CEO, Financial Industry Regulatory Authority (FINRA)Tune in for expert perspectives on the fu...2025-04-161h 01
The SIFMA PodcastWhat the New Treasury Clearing Timeline Means for Markets In this episode of The SIFMA Podcast, SIFMA's Chief Operating Officer, Joseph Seidel, sits down with Robert Toomey, the head of SIFMA's capital markets group, William Thum, managing director in SIFMA’s Asset Management Group, and Stephen Byron, the head of SIFMA’s operations and technology group, to discuss the recent compliance extension from the U.S. Securities and Exchange Commission for its Treasury Clearing rule and SIFMA's work on behalf of the industry to implement the mandate set out in the rule. 2025-02-2716 min
The SIFMA PodcastSIFMA's 2025 PrioritiesRecently, SIFMA has met with our Board to set our 2025 priorities on behalf of our members and in support of our mission to promote effective and resilient capital markets. In this episode of The SIFMA Podcast, SIFMA's president and CEO, Ken Bentsen, and SIFMA's COO, Joseph Seidel, sit down to discuss SIFMA’s priorities for the year ahead. 2025-02-0331 min
The SIFMA PodcastConsiderations to Prepare for US Treasury ClearingWho is subject to the SEC's rules? When do they go into effect? What are the margin implications? How will firms account for increased volumes? In this episode of The SIFMA Podcast, SIFMA's COO, Joseph Seidel, sits down with EY's Brendan Maher and SIFMA's Steve Byron, William Thum, and Rob Toomey to answer these questions and more. 2024-12-0330 min
The SIFMA PodcastHighlights from SIFMA's 2024 Annual MeetingIn this episode of The SIFMA Podcast, we highlight just some of the conversations that took place at SIFMA's Annual Meeting. Our discussions with industry leaders like BlackRock's Larry Fink and Edward Jones' Penny Pennington include top-of-mind issues including:The expanding role of the capital markets and their potential to positively impact society and contribute to economic growth;SIFMA's priorities on behalf of our members, including critical issues like mandated clearing of U.S. Treasury securities;And morePodcast Host:Kenneth E. Bentsen Jr.SIFMA Annual Featured Speakers:Rostin Benham, Commodity Futures Trading CommissionKen...2024-11-0813 min
The SIFMA PodcastHow Markets Work: A Deep Dive on the Capital Markets PrimerIn this episode of the SIFMA Podcast, Ken Bentsen, SIFMA's President and CEO, is joined by Katie Kolchin, SIFMA Managing Director and Head of Research, for a discussion around the recently updated SIFMA Insights Primer series.This series of reports explains the inner workings of capital markets, breaking down important technical and regulatory nuances. Listen in as Ken and Katie dive into the Capital Markets Primer, which provides readers with a deeper look at markets and the role of financial institutions.2024-10-1521 min
The SIFMA PodcastTop 5 Takeaways from SIFMA’s 2024 Ops ConferenceIn 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. 2024-10-0715 min
The SIFMA PodcastAn Update on the Path to Clearing US TreasuriesIn 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 SeidelRobert ToomeyWilliam ThumP...2024-09-2655 min
The SIFMA PodcastThe Flawed Economic Analysis Underpinning SEC Rule ProposalsIn 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. 2024-09-1731 min
The SIFMA PodcastThe Latest: Why the Basel III Endgame Must be Re-ProposedIn 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 Ju...2024-08-0109 min
The SIFMA PodcastAdvocacy, Action, & Access: Q&A with the 2023-2024 Chair of SIFMA's Board of DirectorsIn 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.2024-06-1823 min
The SIFMA PodcastThe Path to Clearing US Treasuries 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. 2024-05-2921 min
The SIFMA PodcastThe SIFMA Podcast: Why the Basel III Endgame Must Be Re-ProposedIn 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:Is unprecedented in its scale and scope and deviates from its original intent;Must be re-proposed in full for both substantive and legal reasons; andMust 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...2024-05-1327 min
The SIFMA PodcastThe Move to T+1: The Final 30 DaysIn 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. 2024-04-2919 min
The SIFMA PodcastHow the DOL’s Retirement Rule Conflicts with Investor Needs 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. 2024-02-2811 min
The SIFMA PodcastTapping Into the Talent Pool of NeurodiversityAbout 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. 2023-12-0820 min
The SIFMA PodcastTop Five Takeaways from SIFMA’s 2023 Market Structure ConferenceIn this episode of The SIFMA podcast, Joe Siedel, SIFMA's Chief Operating Officer, and colleague Ellen Greene, Managing Director of Equity and Options Market Structure, discuss why the SEC's rulemaking agenda continues to raise questions. They dive into some of the key questions around the equity market structure proposals and how they may affect listed options and innovation. With the move to T+1 next May, Joe and Ellen also talk about why customer education is a critical component in the transition. Tune in now. 2023-11-2110 min
The SIFMA PodcastTop of Mind with SIFMA Insights: September FOMC Rate Pause – What’s Next?In this episode of Top of Mind with SIFMA Insights, Katie Kolchin, CFA, Head of Research, is joined by Torsten Slok, Chief Economist and Partner at Apollo Global Management to recap the recent FOMC meeting, exploring the actions taken and shedding light on the future of rate hikes. 2023-09-2528 min
The SIFMA PodcastTop of Mind with SIFMA Insights: What to Look For at Jackson HoleIn this episode of Top of Mind with SIFMA Insights, SIFMA’s Head of Research, Katie Kolchin, CFA, is joined by Dr. Lindsey Piegza, Chief Economist at Stifel and Chair of the SIFMA Economist Roundtable to discuss the status of inflation, the future for rate hikes, and what to look for at the Fed’s annual Economic Policy Symposium in Jackson Hole, kicking off on August 24. 2023-08-1619 min
The SIFMA PodcastSIFMA Insights Spotlight - July 2023 Market MetricsIn this episode of the SIFMA Podcast, SIFMA's Head of Research Katie Kolchin discusses the highlights from SIFMA Insights Monthly Metrics for July 2023. This report analyzes market metrics and trends for volatility, prices, and volumes in the U.S. equities and listed options markets. She also highlights an interesting market theme for the month.2023-08-0903 min
The SIFMA PodcastDeveloping Emotional Connections to Issues of DE&IIn the last episode of Part I of SIFMA’s Diversity, Equity & Inclusion Podcast series, SIFMA EVP and Head of DE&I, Cheryl Crispen sits down with John Taft, Vice Chair of Baird to discuss what it takes to be a committed DE&I advocate and how having an emotional connection is critical when it comes to doing the work that is necessary to make a difference.2023-07-2021 min
The SIFMA PodcastSIFMA Insights Spotlight - June 2023 Market MetricsIn this episode of the SIFMA Podcast, SIFMA's Head of Research Katie Kolchin discusses the highlights from SIFMA Insights Monthly Metrics for June 2023. This report analyzes market metrics and trends for volatility, prices, and volumes in the U.S. equities and listed options markets. She also highlights an interesting market theme for the month.2023-07-0502 min
The SIFMA PodcastEnhancing a Culture of InclusionIn the next episode of SIFMA’s Diversity, Equity, and Inclusion Podcast series, SIFMA’s EVP and Head of DE&I, Cheryl Crispen sits down with Charles Schwab Managing Director, Head of International Services, Lisa Hunt to discuss the ways that Charles Schwab is still creating a more inclusive environment 50 years later with its original vision to bring more people from Main Street into the world of investing.2023-06-2920 min
The SIFMA PodcastLeveraging a Data-Driven Approach for DEIIn the next episode of the 2023 SIFMA Diversity, Equity & Inclusion Podcast series, SIFMA EVP and Head of DE&I, Cheryl Crispen sits down with Alliance Bernstein Global Head of Diversity & Inclusion and Corporate Citizenship, Vanessa Cox-Irvin to discuss the firm's commitment to diversity and inclusion and their efforts to recruit and retain diverse colleagues in the financial services industry. 2023-06-1422 min
The SIFMA PodcastTop 10 Takeaways from SIFMA’s Economist Roundtable Mid-Year SurveyIn this episode of the SIFMA Podcast, SIFMA's Katie Kolchin highlights the top ten results from our 2023 mid-year survey. After that, we’ll share a conversation between our president and CEO, Ken Bentsen, and the Chair of our Economist Roundtable, Dr. Lindsey Piegza, managing director and chief US economist for Stifel.2023-06-1219 min
The SIFMA PodcastSIFMA Insights Spotlight - May 2023 Market MetricsIn this episode of the SIFMA Podcast, SIFMA's Head of Research Katie Kolchin discusses the highlights from SIFMA Insights Monthly Metrics for May 2023. This report analyzes market metrics and trends for volatility, prices, and volumes in the U.S. equities and listed options markets. She also highlights an interesting market theme for the month.2023-06-0603 min
The SIFMA PodcastSIFMA Insights Spotlight - April 2023 Market MetricsIn this episode of the SIFMA Podcast, SIFMA's Head of Research Katie Kolchin discusses the highlights from SIFMA Insights Monthly Metrics for April 2023. This report analyzes market metrics and trends for volatility, prices and volumes in the U.S. equities and listed options markets. She also highlights an interesting market theme for the month.2023-05-0103 min
The SIFMA PodcastCreating Risk by Fixing What's Not BrokenIn this episode of The SIFMA Podcast, SIFMA President and CEO Kenneth E. Bentsen, Jr. sits down with our team to discuss the potential impacts of the U.S. Securities and Exchange Commission's far-reaching equity market structure proposals and walk through our recently filed comment letters.Ellen Greene, Managing Director, Equity and Options Market Structure, Chris Killian, Managing Director, Securitization and Corporate Credit, Leslie Norwood, Managing Director and Associate General Counsel, Municipal Securities and Bill Thum, Managing Director and Associate General Counsel in SIFMA's Asset Management Group to discuss the potential impacts of the proposals on investors...2023-04-1135 min
The SIFMA PodcastSIFMA Insights Spotlight - March 2023 Market MetricsIn this episode of the SIFMA Podcast, SIFMA's Head of Research Katie Kolchin discusses the highlights from SIFMA Insights Monthly Metrics for March 2023. This report analyzes market metrics and trends for volatility, prices and volumes in the U.S. equities and listed options markets. She also highlights an interesting market theme for the month.2023-04-0403 min
The SIFMA PodcastTop of Mind with SIFMA Insights: Can the Fed Have Its Cake and Eat It, Too?Top of Mind with SIFMA Insights is a new series within the SIFMA Podcast. We'll be talking with experts from across the industry about key issues impacting the capital markets and financial industry. In this first episode, SIFMA's Head of Research, Katie Kolchin, CFA is joined by Dr. Lindsey Piegza, Chief Economist at Stifel and Chair of the SIFMA Economist Roundtable, to discuss the Fed's fight to tame stubborn inflation and manage turmoil in the banking system. 2023-03-2817 min
The SIFMA PodcastSIFMA Insights Spotlight - February 2023 Market MetricsIn this episode of the SIFMA Podcast, SIFMA's Head of Research Katie Kolchin discusses the highlights from SIFMA Insights Monthly Metrics for February 2023. This report analyzes market metrics and trends for volatility, prices and volumes in the U.S. equities and listed options markets. She also highlights an interesting market theme for the month.2023-03-0303 min
The SIFMA PodcastThe SIFMA Podcast: Digging into the SIFMA Insights Market Structure Compendium In this episode of The SIFMA Podcast, SIFMA’s President & CEO, Kenneth E. Bentsen, Jr., sits down with Katie Kolchin, Managing Director and Head of Research for SIFMA, to dig into equity and related market performance and find out what a difference a year makes. They'll also discuss what’s in store for 2023. 2023-02-2813 min