Inclusion of third-parties would cause litigation costs in U.S. to skyrocket, securities association says
Move would bring capital, expertise, innovation, experience and efficiency
China will also allow foreign securities firms to expand their operations in China to include brokerage, proprietary trading and fund management
SIFMA testifies in a hearing to examine consolidation of NASD and regulatory functions of NYSE
M&A and LBO transactions drove corporate bond issuance to record levels, SIFMA says
Focusing on outcomes rather than processes is the best way to ensure that regulation works, it says
Convergence would reduce overlap and promote efficiency, among others
Lower projected short rates suggest the possibility of a Fed rate cut at some point during the next two quarters
Hearing examines proposed legislation to alter U.S. regulatory regime
Ruling has the potential to significantly impair consumer choice