The International Capital Market Association (ICMA), The American Council of Life Insurers (ACLI), The Credit Roundtable (CRT), the Investment Company Institute (ICI), the Institute of International Finance (IIF), the Life Insurance Council of New York (LICONY), the Partnership for New York City (PFNYC), and the Securities Industry and Financial Markets Association (SIFMA) have signed a letter strongly opposing the Sovereign Debt Stability Act (S.5542-A / A. 2970-A), recently amended in New York State.
ICMA and co-signers believe that, if passed by the New York legislature and signed into law, this bill would have negative, wide-ranging, and unintended consequences for global markets. Further, it would harm the developing economies it aims to help, in pursuit of fixing a specific problem that has already been addressed.
Read the open letter here.
Source: ICME
NEWSLETTER SIGN UP
And receive exclusive articles on securities markets
🏆 The 2026 Global Markets Choice Awards are here! 🌍 Nominations are officially OPEN for the celebration of excellence in global capital markets trading & technology. Nominate below:
https://www.jotform.com/form/260086385121150
Delaware Life Insurance Company is becoming the first insurance carrier to offer an index that contains cryptocurrency, adding the BlackRock U.S. Equity Bitcoin Balanced Risk 12% Index to its fixed index annuity (FIA) portfolio.
As the digital assets industry pushes toward
Franklin Templeton is expanding its tokenized fund suite, signaling growing institutional demand for blockchain-based fund infrastructure and regulated investment products moving onchain. Read the full article below:
$50 billion in active ETF inflows helped fuel a record year for @BlackRock 's iShares business, as investors continue to lean into active strategies.
Related articles
-
Existing infrastructure will be combined with Canton's blockchain technology.
-
KfW will test new ways of payment processing in central bank funds during the transaction.
-
Activity during the first quarter largely reflects transactions completed in the first two months.
-
Global investors are increasing their allocation to EM Asia sovereign bond markets.
-
The €15.3 trillion Eurobond market is the world’s third largest debt market.