Leaked documents show a proposal by EU legislators to eliminate limitations on a draft exemption that would protect positions involved in hedging structural foreign exchange risk to capital ratios.
FinTech continues to drive the transformation of the securities industry: artificial intelligence and machine learning are giving firms new insights, blockchain projects are moving closer to production, and robotics are pushing the boundaries of industry operations. SIFMA's FinTech Conference, on June 20-21 in New York City, will bring together innovators and industry leaders to discuss these developments and how they are changing the way firms understand and interact with their customers, manage risk, and run their operations. Register at the early bird rate!
This April, the SIFMA Foundation invites you to sign-up as an Invest It Forward volunteer to help celebrate Financial Literacy Month. With a variety of volunteer options, there is a perfect opportunity awaiting you to share your experience. Help students across the country learn about the economy, investments and more either in person or online.
The Insured Retirement Institute said it appreciates the Securities and Exchange Commission's willingness to work with other regulatory bodies to develop a best-interest standard for brokers. "We are particularly appreciative of the Commission's commitment to collaborating with their counterparts at the DOL, FINRA (Financial Industry Regulatory Authority), and the state insurance and securities departments around the country to develop a cohesive and consistent regulatory framework," IRI said in a statement.
Securities and Exchange Commission investment-advice rules proposed Wednesday would not likely affect professionals who act only as insurance agents, according to multiple analysts. The SEC has opened up a 90-day public comment period for the rules.
The new, larger standard deduction makes it less likely individuals will have a tax benefit from making charitable contributions. Find out how individual taxpayers and not-for-profit organizations should plan for this change.
The most productive individual contributors do not always make successful managers because leading others effectively requires a different set of skills. Companies can address the issue by helping their most promising employees develop six leadership skills before promoting them.