PALM DESERT, Calif.—The Securities Industry and Financial Markets Association is in discussions with the Securities and Exchange Commission and the Financial Industry Regulatory Authority to establish the first-ever licensing, training and continuing education program for operations executives at financial firms.

Licensing could become effective as early as January 2011. “As our industry grows more complex, the operations staff which manages the processes becomes more important,” said Nyron Latif, managing director at Goldman Sachs and chairman of the 2010 SIFMA operations committee who spoke at the SIFMA ops show here last week.

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