The Bond Sellers of America final week hosted its inaugural Council on Bond Market Construction Fly-In, an initiative BDA’s chief govt officer mentioned is designed to provide “extra environment friendly, smarter” federal coverage for all individuals within the U.S. bond market.
Throughout the inaugural fly-in, held Sept. 10-11, the Council on Bond Market Construction, a gaggle comprising BDA board members, met with coverage makers throughout Washington, D.C. to debate matters together with increasing using tax-exempt bonds and selling laws to revive tax-exempt advance refunding.
Seven members of BDA’s board participated within the inaugural Council on Bond Market Construction Fly-In, he mentioned. BDA plans to carry the fly-ins twice a yr, with a rotating group of seven board members taking part in every fly-in.
“We wish to improve our presence in Washington as a thought chief and a useful resource … to coverage makers in Washington as they consider the bond markets, as they consider bond market construction,” Nicholas mentioned. “The entire function of all of this on the finish of the day is to make sure that there may be smarter oversight and regulation of the U.S. bond markets that works for everyone.”
Since its founding in 2008, BDA has been bringing sellers to Washington to speak about particular legislative and regulatory points, he mentioned.
“Effectively this group will nonetheless do this, however this group expands past that to now discuss precise market situations and market construction to make sure smarter and extra environment friendly coverage which advantages all individuals within the U.S. bond markets,” Nicholas mentioned.
BDA is uniquely positioned to offer insights concerning the bond market as a result of it represents not simply Wall Avenue companies but additionally regional middle-market companies throughout the nation, he mentioned.
Throughout the inaugural fly-in, members of BDA’s Council on Bond Market Construction met with Commissioner Mark Uyeda of the Securities and Change Fee in addition to workers and management on the White Home Nationwide Financial Council, Home Committee on Monetary Providers, the Division of the Treasury, the Municipal Securities Rulemaking Board and the Monetary Trade Regulatory Authority, Nicholas mentioned.
