In an op-ed for the Financial Times, SFA CEO Michael Bright warns, “Only Congress has the power to ensure an economically neutral outcome without years of court wrangling and confusion. Federal legislation for all Libor-based contracts is the best way to end this saga once and for all.”
SFA submitted a Statement for the Record for the House Financial Services Subcommittee hearing on The End of LIBOR. SFA agrees that federal legislation is the best solution for legacy contracts.
SFA: Consensus Continues to Grow Around Federal Legislation to Address ‘Tough Legacy’ LIBOR Contracts
Ahead of a House Financial Services Subcommittee on Investor Protection, Entrepreneurship and Capital Markets hearing on Thursday, April 14, SFA joined other leading industry groups in reiterating support for federal legislation to address “tough legacy” contracts that utilize LIBOR in a letter to House Financial Services Committee Chairwoman Maxine Waters, Ranking Member Patrick McHenry, Subcommittee Chairman Brad Sherman, and Ranking Member Bill Huizenga.
SFCanada 2021 will be held virtually on Wednesday, June 9, 2021 at 9:00 AM EDT.
Structured Finance Association Announces Women in Securitization Partnership With Junior Achievement USA
SFA has established a partnership with Junior Achievement USA (JA) as part of its WiS Community Outreach efforts. The initial grant will launch a program that will allow opportunities for high school-aged girls to engage directly with SFA members to gain financial literacy and prepare for successful careers.
As we enter the month of May, we celebrate the history, traditions, and culture of Asian American and Pacific Islanders. We also fully acknowledge the racism and surge of hate crimes against Asian Americans in the past year. At the Structured Finance Association, we stand with our colleagues, members, and friends who have experienced discrimination and remain committed to doing all we can to foster an environment and industry that not only supports but elevates the voices of Asian American and Pacific Islanders in American society.
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