Sifma : News on the capital markets, securities and financial industry

08/12/2011 | SIFMA

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Source: CNBC
  • Alexandra Lebenthal, president & CEO of Lebenthal & Co., discusses the municipal bond markets, noting that supply and demand remain a major factor. Lebenthal explains how issuance has picked up recently after a relatively slow start this year. She also continues to dispute Meredith Whitney's warning about municipal defaults.CNBC (12/7)LinkedInFacebookTwitterEmail this Story
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  Washington Roundup 

Sen. Isakson seeks to replace Fannie and Freddie
Sen. Johnny Isakson, R-Ga., plans to introduce legislation that would create a government-owned corporation to succeed Fannie Mae and Freddie Mac. The Mortgage Finance Agency could eventually be sold to the private sector. The Wall Street Journal(12/7)

Former U.S. regulator backs tougher global rules on bank leverage
Sheila Bair, former chairman of the U.S. Federal Deposit Insurance Corp., called for more-stringent global limits on bank leverage. The Basel Committee on Banking Supervision has adopted a leverage ratio, but Bair said it needs to be raised. "Regulators' primary focus should be constraining absolute leverage through an international leverage ratio that is significantly higher" than the Basel committee's proposal, Bair said. Bloomberg(12/7)

U.S. regulators seek alternatives to credit ratings
The Dodd-Frank Act prohibits dependence on credit ratings to assess risk for banks, but regulators are having trouble finding alternatives. The Federal Deposit Insurance Corp. released a proposal that would affect only the largest U.S. banks. Reuters(12/7)

SIFMA: Your go-to resource for information on the Dodd-Frank Act

  Operations Update 

BlackRock prepares to open internal bond trading platform
Blackrock President Rob Kapito said the asset manager is nearly ready to launch an internal bond crossing network for its clients. The new platform will allow BlackRock clients to make trades with each other, and with the company's funds, Kapito said. Reuters(12/7)