Financial Regulation >>>
U.S. investigators have uncovered evidence that banks reaped millions of dollars in trading profits at the expense of companies and pension funds by manipulating a benchmark for interest-rate derivatives. Click here to continue reading.
American International Group Inc. and Allianz SE are among insurers deemed systemically important by global financial rule makers, meaning they may face tougher capital standards and tighter regulation. To read more, click here.
Global regulators said they are weighing steps to ensure that banks take a realistic view of the possible losses on their investments, after uncovering variations in how lenders assess risk. To read more, click here.
U.S. regulators are considering doubling a minimum capital requirement for the largest banks, which could force some of them to halt dividend payments. Click here to continue reading.
Global regulators may start overseeing currency rates in a widening response to benchmark-rate setting scandals that began with revelations on the manipulation of Libor, according to two people familiar with the matter. Click here to continue reading.
HSBC Holdings Plc is adjusting its strategy to reduce the chance of future compliance failures following major U.S. regulatory and law enforcement investigations of the London-based bank, according to Chairman Douglas Flint. Click here to continue reading.
Sweden’s financial regulator rejected government and central bank calls to raise risk weights on mortgage assets above the 15 percent already agreed on in the latest clash between policy makers and the watchdog. Click here to continue reading.
The expansion of the number of ratings companies sanctioned to assess securities faced scrutiny May 14 as the U.S. Securities and Exchange Commission met in Washington to discuss Senators Al Franken and Roger Wicker’s plan to create a board to select which firms grade asset-backed bonds, rather than leaving it to the banks that pay [...]
JPMorgan Chase & Co., Goldman Sachs Group Inc. and the world’s largest banks won rollbacks in final Dodd-Frank Act rules that promise to transform the private swaps market by increasing competition. Click here to continue reading.
U.S. securities regulators have narrowed the target of new rules for money-market funds, according to a person familiar with the matter, limiting changes to a smaller set of funds than many executives anticipated. Click here to continue reading.