SIFMA Resources

Quantum Dawn VIII Cybersecurity Exercise - Financial Sector Readiness

SIFMA released the After-Action Report for Quantum Dawn VIII, a November 2025 cybersecurity exercise involving approximately 1,000 participants from over 100 financial institutions, market utilities, and government agencies. The exercise simulated a polycrisis combining a Category 5 hurricane, transatlantic cable disruption, FMI outage, and state-sponsored cybersecurity attack. The report provides five recommendations for strengthening sector resilience.

TBA Market for Mortgage-Backed Securities Governance

SIFMA provides resources and model documentation for the To-Be-Announced (TBA) market, which facilitates forward trading of mortgage-backed securities. The page includes links to guidelines, operating procedures, and meeting summaries related to TBA market governance, with updated information for 2025.

US Treasury Done-Away Clearing Model Design Considerations

SIFMA has published a report outlining design considerations for a US Treasury done-away clearing model, intended to support market participants in implementing the upcoming SEC Treasury Clearing rule. The report addresses eight industry challenges and provides a framework for baseline requirements, roles, and data needs.

SIFMA Publishes Updated Reconnection Framework for Financial Sector

SIFMA and FSSCC have published an updated version of the Reconnection Framework for the financial sector. The framework provides a five-step process to guide firms through reconnecting to the financial ecosystem after a cyber incident has been contained and mitigated.

SIFMA Emergency Crisis Management Command Center Operational Resilience and Cybersecurity

SIFMA has issued guidance for its Emergency Crisis Management Command Center, focusing on operational resilience and cybersecurity for the financial industry. This initiative aims to coordinate business continuity planning and market response during emergencies or disruptive incidents.

Mortgage-Backed Securities Notification and Settlement Dates for 2026

SIFMA has published the notification and settlement dates for mortgage-backed securities for 2026. This notice provides key dates for market participants involved in the securitization and housing finance markets.