Genyk, a managing director and the head of fixed-income capital markets at Janney Montgomery Scott in Philadelphia, became BDA Board Chair on March 1, 2015.
Genyk discussed maintaining the tax-exemption for municipal bonds and increasing the annual issuance limit for issuers of bank-qualified bonds as two key legislative priorities the BDA is focusing on. He discussed regulatory issues and noted the disproportionate impact of rules and enforcement actions on small and medium-sized firms, pointing to MCDC and the MSRB’s best execution rule.
Genyk also discussed new BDA initiatives, including compliance training webinars, the recently formed fixed income technology and operations committee, and monthly member fly-ins.
The Bond Buyer article is available here.
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