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Sifma Elects Chairman, Board Members

The Securities Industry and Financial Markets Association (Sifma) has elected John Taft, CEO of RBC Wealth Management, as its chairman for 2011.

Bernard Beal of MR Beal & Co., and Alexandra Lebenthal of Lebenthal & Co. remain as vice chairman and treasurer, respectively.

The association has also made several new elections to its board of directors, including Francois Barthelemy of Société Générale, Joan Binstock of Lord Abbett, Benjamin Brigeman of Charles Scwhab & Co., and Kent Christian

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‘Vibe coding is burning us out’

Vibe coding is rapidly spreading throughout the capital markets, and some are unhappy about it, while others believe the genie is out of the bottle. Engineers spoken to for this story share some choice words—and several expletives—about this new form of coding.

The enshittification of AI

The Waters Wrap: AI may look good to its developers, but there are a few problems lurking below the surface that might cause problems. Max Bowie explains.

DTCC dives into public cloud

The clearing house has begun migrating its equities clearing and settlement systems to AWS, while its tokenization systems have migrated to Microsoft Azure ahead of their launch this fall.

MCP is dead, long live MCP

The Waters Wrap: Reb dives into the trenches of the online developer community to see whether its reputation as the great enabler of the AI age is justified.

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