The BDA’s most recent episode of Bonding Time features a discussion with Tom Kozlik of HilltopSecurities. The podcast was led by Brett Bolton of the BDA and covers: The debt ceiling compromise and what the legislation includes; An outlook on the potential for continued legislative drama heading into budget season; and Municipal bond legislative outlook for the remainder of 2023.
Author: Bond Market Association
BDA comments on MSRB G-47 and D-15 proposal
BDA today filed a comment letter with the MSRB on their proposal to amend Rules G-47 and D-15. BDA did not oppose the G-47 changes and we supported the D-15 proposed amendments. Rule G-47 is the MSRB’s time of trade disclosure rule. It requires dealers to obtain and provide to customers certain material information about an issue…
BDA Opposes SEC’s Best Execution Proposal
BDA today filed a comment letter with the SEC in opposition to their proposed Regulation Best Execution. In the letter we ask the SEC to abandon the initiative because it is unnecessary, overly restrictive, and needlessly expensive. If the SEC moves forward with the proposal, we asked that it be amended to make it more…
Recap: Fixed Income Legal and Compliance Roundtable
The BDA Legal and Compliance Roundtable, as part of the Bond Market Structure: Municipal Markets Conference at the Las Colinas Resort, was attended by over 20 senior legal and compliance professionals and included robust discussion on key regulatory and compliance issues including enforcement and exam updates. The Roundtable featured a conversation on tax trends with…
DC Update: Legislation to Reinstate Tax-Exempt Advance Refundings Introduced in House
Today, the Investing in Our Communities Act was introduced in the House, legislation that would reinstate tax-exempt advance refundings . The bill was sponsored by House Ways and Means Republican David Kustoff (TN), and House Municipal Finance Democratic Chair Dutch Ruppersberger (MD). The introduction of the long-standing BDA priority comes after extensive advocacy from the BDA and the Public Finance Network to recruit…
Bonding Time: A Discussion with Mitchell Smith of the Council of Development Finance Agencies
The BDA’s most recent episode of Bonding Time features a discussion with Mitchell Smith, Director of Government and External Affairs at the CDFA. The podcast was led by Brett Bolton of the BDA and covers: The CDFA legislative and regulatory agenda for the 118th Congress; Overlapping priorities and growth of the muni advocacy community in…
Bonding Time: A wide-ranging conversation with Jose Fernandez, Jeff Gearhart, and Bob Mooney of Oyster Consulting
The BDA’s most recent episode of Bonding Time features a discussion with Jose Fernandez, Jeff Gearhart, and Bob Mooney of Oyster Consulting. The podcast, hosted by Michael Decker of BDA, covers: Preparing for T+1 clearing and settlement Best execution and the SEC’s new proposal FINRA Rule 4210 and margining “extended settlement” trades The latest on…
Bond Pricing Index Handbook 2023
Bonding Time: A Discussion with Tom Kozlik of Hilltop Securities on Rates and Issuance in 2023
The BDA’s most recent episode of Bonding Time features a discussion with Tom Kozlik of HilltopSecurities. The podcast was led by Brett Bolton of the BDA and covers: The Fed likely staying the course over first half of 2023 and its impact on Hilltop’s issuance prediction Municipal credit outlook and the potential need for lifelines…
BDA opposes FINRA delayed Treasury spot trades proposal
BDA today filed a comment letter with FINRA in opposition to their proposal to amend TRACE trade reporting rules for delayed Treasury spot trades, secondary corporate bond trades where the spread to Treasuries is established early in the day but where the Treasury spot takes place later in the day at an agreed upon time. Under current…