Financial Regulatory Forum

Global disclosure 2011 review: trends and new mandates in public filings

By Guest Contributor
December 22, 2011

By John Mackie

NEW YORK, Dec. 22 (Business Law Currents) – The global push for increased transparency by public issuers continued in 2011, with developments on a number of fronts. U.S disclosure trends included Dodd-Frank related mandates and event-driven disclosures. Canada continued to refine its disclosure regime, seeing voices weigh in from the Canadian Securities Administrators and the Supreme Court. Regulators in the UK, meanwhile, pressed issuers to emphasize clarity over quantity in their disclosures. Business Law Currents takes a closer look at the global disclosure picture in 2011, highlighting this year’s trends, developments, concerns and challenges.

Start-up rating agencies urge national regulators to promote competition, change

By Guest Contributor
August 15, 2011

By Rachel Wolcott

Aug. 15  (Thomson Reuters Accelus) –  Even as national governments cry foul over recent sovereign ratings downgrades, new rules and regulation aimed at rating agencies is making it harder for newcomers to break into the ratings market. Standard & Poor’s (S&P), Moody’s Investors Service and Fitch Ratings may have come under renewed fire because of the sovereign debt crisis, but rules set out in the United States’ 2006 Credit Rating Agency Reform Act and the Dodd-Frank Act have yet to open up the market as hoped.

Dodd-Frank and SEC blaze new trail for credit ratings

By Guest Contributor
April 20, 2011

NEW YORK, April 19 (Westlaw Business) – Dodd-Frank’s credit-rating provisions do more than just hamstring ratings agencies; they also open new frontiers of opportunity.

FACTBOX-Winners and losers in the U.S. financial bill

By Reuters Staff
June 25, 2010

WASHINGTON, June 25 (Reuters) – U.S. lawmakers are close to finalizing legislation that will overhaul the country’s financial system and usher in new rules for Wall Street.

FACTBOX – Comparing EU and U.S. financial reform

May 21, 2010

LONDON, May 21 (Reuters) – The U.S. Senate approved a reform of Wall Street on Thursday and President Barack Obama may be signing into law the most sweeping changes to financial rules since the 1930s as soon as next month.

FACTBOX-Winners and losers in the U.S. Senate’s financial bill

By Reuters Staff
May 21, 2010

May 21 (Reuters) – The U.S. Senate on Thursday approved a bill that would overhaul the country’s financial system and usher in new rules for Wall Street.

ANALYSIS-Franken bill unlikely to make credit ratings more reliable

May 14, 2010

By Karen Brettell

NEW YORK, May 14 (Reuters) – Legislation designed to create more independent credit ratings for risky assets may not result in more reliable indicators of an asset’s future performance and details on how the process would work are still unclear.

ANALYSIS-Credit rating agencies should not be dupes

By Reuters Staff
May 14, 2010

By Dan Wilchins

NEW YORK, May 13 (Reuters) – New York Attorney General Andrew Cuomo is looking at whether investment banks duped credit rating agencies, but a bigger question is why the rating agencies failed to prevent the financial meltdown.

U.S. Senate panel releases documents on credit raters’ role in Abacus, financial crisis

By Reuters Staff
April 23, 2010

The Senate Permanent Subcommittee on Investigations released a trove of internal messages and other exhibits from its look at the role credit-rating agencies played in the financial crisis, including several related to the Goldman Sachs Abacus trades at the heart of SEC fraud charges against the bank .  Reuters links to full file of exhibits.