Financial Regulation >>>
Global regulators are seeking to coax institutional investors, from insurers to pension funds, back into the market for asset-backed bonds to boost non-bank funding for businesses. To continue reading, click here.
Controversy surrounding European money-market fund (MMF) regulation means political agreement isn’t likely until mid-2015. Regulators are trying to strike a balance between overseeing MMFs and allowing them to continue to be viable. Issues that remain to be resolved include a proposed capital buffer and pressure to align proposals with U.S. reforms. To continue reading, click [...]
A change to U.S. Senate rules to allow a simple majority to confirm most presidential nominees may help speed up the pace of Dodd-Frank rulemaking. To continue reading, click here.
Westpac Banking Corp. agreed to buy Lloyds Banking Group Plc’s Australian assets as tighter capital rules following the 2008 financial crisis prompt European and U.S. lenders to retreat from the Asia-Pacific region. To continue reading, click here.
The U.S. Commodity Futures Trading Commission next month plans to complete rules to boost protection of customer funds and release a new proposal for limits on speculation in oil, natural gas and other markets, according to two people familiar with the matter. To continue reading, click here.
The U.S. Securities and Exchange Commission, in settling claims with JPMorgan Chase & Co. over its handling of a $6.2 billion trading loss, landed its biggest victory yet in fulfilling a pledge to force wrongdoers to admit guilt. To read more, click here.
Derivatives would face new transaction fees to pay for the U.S. Commodity Futures Trading Commission budget under a proposal President Barack Obama’s administration submitted to Congress. To read more, click here.
Regulators must restrict lenders’ ability to escape tougher capital rules by changing how they measure risk, Financial Stability Board Chairman Mark Carney said, as he urged nations to finish an overhaul of bank rules. To read more, click here.