The Bond Market Association (BMA) merged with the Securities Industry Association in 2006 to form the Securities Industry and Financial Markets Association (SIFMA). The BMA coordinated transactions and represented around 200 companies that traded debt securities. SIFMA is the US branch of the Global Financial Markets Association and addresses issues relevant to its members, including regulatory reform and capital markets. SIFMA provides professional services and encourages standardized documentation and filing procedures.
The Bond Market Association (BMA) was a professional organization, once called the Public Securities Association, which merged with the Securities Industry Association (SIA) in 2006. That merger formed the Securities Industry and Financial Markets Association (SIFMA). Before consolidating to form SIFMA, the BMA was headquartered in New York; Washington DC; and London. The Bond Market Association coordinated transactions with governments, corporations and investors. Members of the Bond Market Association were required to adhere to a code of ethics.
The BMA was an international non-profit association representing around 200 companies that bought, sold and traded debt securities. The Bond Market Association also compiled statistics, sought to standardize market practices, and served as an industry advocate for industry lawmakers and regulators. Members of the BMA have brokered US government bonds, municipal bonds, mortgage-backed securities and money market securities.
As part of SIFMA, former members of the bond market association in the United States have developed policies and practices that favor the interests of hundreds of banks and private companies. While BMA was an international organization, SIFMA is the US branch of the Global Financial Markets Association (GFMA). SIFMA addresses several issues that are relevant to its members, including regulatory reform, savings and retirement, capital markets and bond markets.
SIFMA connects private banks and clients with the legislation affecting the bond markets and their investors. Some laws regulate how financial organizations manage funds and other securities. SIFMA has an annual Bond Summit to discuss legislation and regulation. The organization also publishes reports covering a variety of bond issues, including statistics and projections for future performance.
In addition to monitoring current events, SIFMA provides its members with professional services, including a career center and product and service purchasing guidance for industry executives. Members also have access to business continuity resources. In order to keep the bond markets and other financial arenas liquid and transparent, SIFMA encourages its members to use standardized documentation and filing procedures.
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