EVENT RECAP: BDA’s Public Finance Leadership Roundtable

Yesterday, the BDA held its Public Finance Leadership Roundtable. The webinar was attended by dozens of representatives from BDA member firms and was sponsored by Quarles & Brady, DPC Data, and Lumesis. The panel discussion focused on the most recent market, legislative and regulatory topics facing middle-market banks and dealers in 2021.

A recording of the event can be viewed here.

Roundtable Recap
  • The panel was moderated by Jeff Peelen, Partner, Quarles and Brady and featured:
  • Frank Fairman, Managing Director and Head of Public Finance Services, Piper Sandler
  • Mark Borrelli General Counsel,  Huntington Securities,
  • Anne Noble, Managing Director, and Chair of the Public Finance Executive Committee, Stifel; and
  • Brian Battle, Director and Principal,  Performance Trust.
Roundtable Agenda
  • Workforce Challenges/Strategies/Silver Linings
  • Post-COVID office/virtual challenges generally
  • Challenges getting out to see clients especially w/ “next generation”
  • Recruiting issues
  • What is the “typical” path to bankers these days?
Legislative Update 
  • Federal legislative update from the BDA
Business Trends
  • Will (lower rates and) higher volume continue?
  • Last year: flight to quality
  • This year: the emergence of high yield
  • “Green” and ESG deals
  • Impact of federal dollars — e.g., schools
  • Increased project costs (labor & supplies in general)
  • Slow-down of taxable refundings
  • Pensions borrowings bolstering taxable volume
Regulatory Environment
  • Expectations from new SEC leadership
  • Fundamentally different views (MAs, underwriters)
  • Implications of coming back to the office
  • Remote inspections
  • G-17
  • Politicization (e.g., gun manufacturers)

A Special Thank You to the Heads of Public Finance Roundtable Sponsors!


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