• SEC Holding Inaugural Meeting of Fixed Income Market Structure Advisory Committee
  • February 13, 2018 | Author: J. Andrew Gipson
  • Law Firm: Jones Walker LLP - Jackson Office
  • On Thursday, January 11, 2018, the Securities and Exchange Commission (SEC) held the inaugural meeting of its recently established Fixed Income Market Structure Advisory Committee. This committee was established by the SEC to provide a means for the SEC to receive advice and recommendations on fixed income market structure issues. The January 11 meeting will focus on bond market liquidity issues, among other administrative items, and will be available via live webcast at www.sec.gov beginning at 9:30 a.m. ET.

    The following agenda for the meeting was announced by the SEC in a press release, https://www.sec.gov/news/press-release/2018-1, issued on January 8:

    Agenda

    9:30 a.m. Remarks by Chairman Clayton; Commissioner Stein; Commissioner Piwowar; Director, Division of Trading and Markets, Brett Redfearn; and Committee Chairman Michael Heaney

    10:00 a.m. Review and Consideration of Proposed Bylaws

    10:10 a.m. Bond Market Liquidity Conditions Research

    • Michael Heaney, Committee Chairman (Moderator)

    • Kevin McPartland, Head of Market Structure and Technology Research, Greenwich Associates

    • Jeff Meli, Co-Head of Research, Barclays

    • Sonali Theisen, Global Head of Market Structure and Data Strategy, Global Credit & Securitized Markets, Citigroup

    10:55 a.m. Break

    11:10 a.m. Market Participant Perspectives on Bond Market Liquidity

    • Brett Redfearn, Director, Division of Trading and Markets (Moderator)

    • Paul Jakubowski, Global Head of Credit, Vanguard

    • Drew Mogavero, Head of U.S. Flow Credit Trading, Barclays

    • Richie Prager, Head of Trading, Liquidity and Investments Platform, BlackRock

    • Jim Switzer, Global Head of Credit Trading, Alliance Bernstein

    12:15 p.m. Lunch Break/Administrative Session

    1:45 p.m. FIMSAC Members and Panelists Discussion of Bond Market Liquidity

    3:00 p.m. Break

    3:15 p.m. FIMSAC Members Discussion of Bond Market Liquidity

    4:00 p.m. Discussion of Committee Next Steps, Future Meeting Topics, and Subcommittees

    4:30 p.m. Adjournment