FIXED INCOME

BlackRock, ICE and Pimco among first SEC fixed income committee members

SEC’s newly formed Fixed Income Market Structure Advisory Committee will provide advice on regulatory opportunities and intervention.

By Hayley McDowell hayley.mcdowell@strategic-i.com November 13, 2017 12:45 PM GMT

The Securities and Exchange Commission (SEC) has confirmed the formation and first members of its fixed income committee, including BlackRock, ICE Data Services, Pimco and other industry leaders.

The Fixed Income Market Structure Advisory Committee’s focus will be on corporate bond and municipal securities markets, providing advice on regulatory intervention and opportunities.

It is comprised of retail and institutional investors, trading venues, dealers and outside experts representing the views of the entire fixed income industry.

“This committee will help the Commission ensure that our regulatory approach to these markets meets the needs of retail investors, as well as companies and state and local governments,” said Jay Clayton, SEC chairman.

MarketAxess, Citigroup, TABB Group and the Financial Industry Regualtory Authority also have representatives on the committee, alongside former SEC chairman, Elisse Walter.

The committee has been established for an initial two-year term, which can be renewed by the Commission.

“During the past several years, the fixed income markets have changed significantly,” added Commissioner Kara Stein.

“The Fixed Income Market Structure Advisory Committee should provide the Commission with new ideas about how to enhance the efficiency and resiliency of these evolving markets.”