What is the Association of Industry and Financial Markets with Securities®?
The
Association of Industry and Financial Markets of Securities® is an industrial business association representing companies and related companies with securities. He currently represents companies in the United States and Hong Kong, but previously also represented European companies. During the 2008 credit market, several administrative changes have undergone both painting and association membership.
Association. It was created in 2006 through the merger of the Association of Bonds and the Association of Securities Industry. In 2009 he dug his European operations taken over by London Investment Banking Association. In 2010, the US Sekuritization Forum, which operated as part of the supervision of the Association of Securities and Financial Markets, decided to become a fully independent body.
The biggest challenge for the Vasocation of Dustry and Financial Markets Association® came up with a credit crisis in 2008. That wouldl The result that securities products based on the fact that mortgage debts have become too complicated was mixed with mortgages from debtors with different default risks, which means that investors could not easily tell how safe or risky a particular product was. When the default values increased between lower income debtors, especially those who had short -term initial rates and have now faced a large increase in monthly installments, many investment companies found that their portfolios were not so safe and therefore had to reduce their valuation of these assets. This was caused by the collapse of three companies: Bear Stearns, Lehman Brothers and Merrill Lynch, who were leading members of the association. It also left other members in financial problems, which led to the association to increase, including the release of employees.
Another blow to the reputation of the Securities and Financial Markets Industry Association® has come up with the conviction of Bernie Madoff, an investment advisor who carried out an extensive Ponzi scheme. Rather thanMaking money for existing clients through investment, Madoff simply gave them the money collected from new clients, a scheme that may have inevitably collapsed. Madoff was previously on the Board of the Association of Securities Industry, while his brother Peter Madoff was on the Council of the Association of Securities and the Association of Financial Markets by 2008.
Association of Securities and Financial Industry Association® has since tried to increase the public image of its members and industry as a whole. This included lobbying politicians and media. In addition to negotiations with the fall of the credit crunch, he led a campaign on behalf of members to support their rights to exclude mortgages that have been in the default settings.