The Securities Industry and Financial Markets Association (SIFMA) today praised the G-20 Summit for its focus on issues important to the global economy, and financial services, specifically.
“The G-20’s focus on current issues in the financial markets will help provide direction to the global agenda and ensure that market participants in the sector return to a more robust, more transparent and more liquid environment. The common principles driving this weekend’s discussion – transparency and accountability and enhancing international cooperation – are the cornerstones of a better financial framework. Many of the issues discussed this weekend including credit rating agency reform, accounting standards convergence, and affirmation of open trade and investment, were issues already being studied in various working groups and international bodies, and we hope this Summit will provide additional political will to move these important issues forward,” said Tim Ryan, president and CEO of SIFMA.