The Securities Industry & Financial Markets Association (Sifma) is actively responding to the current market problems, says Timothy Ryan, the organization's president and CEO. But for now it is doing so out of sight of the media, working with regulators and legislators and with other financial services associations in the U.S. and Europe.
"The fact that we are not running conferences or putting out press releases should not hide the fact we are fully engaged on all of these issues," Ryan tells Securities Industry News. "And we are not the only ones doing it--in the U.S. and London the trade groups all represent the same 25 to 50 companies on the sell side and buy side who are the global leaders. We all talk to each other at a very senior level, and we are doing a lot."
|
