In a conference call last Wednesday, The Bond Market Association (BMA) and the Securities Industry Association (SIA) announced that their boards of directors voted to merge the two organizations, creating the Securities Industry and Financial Markets Association (SIFMA). As for the American Securitization Forum (ASF) and the European Securitization Forum (ESF), both affiliates of the BMA, the merger simply means that these organizations will become affiliates of the new organization, which goes for all other affiliate divisions of the merged entities.

The merger, which will reunite the organizations that were previously joined until a split in 1976, will allow the creation of a single, unified and more powerful voice in the market. Although no figures were released during the call, the organizations hope SIFMA will save time, money and resources.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.