The Securities Industry and Financial Markets Association (SIFMA) today released the following statement from President and CEO Tim Ryan on today’s announcement from the Treasury Market Practices Group:
“SIFMA welcomes the expansion of the Treasury Market Practices Group beyond the Treasury market to include the promotion of market best practices related to trading and settlement in the agency debt and agency mortgage-backed securities markets. Given the complementary nature of our focus on ensuring well-functioning, liquid MBS markets, SIFMA looks forward to coordinating with the TMPG and working cooperatively together going forward.”