Financial Regulatory Forum

By Huw Jones
BASEL, Switzerland, Oct 8 (Reuters) – The U.S. Securities and Exchange Commission will review by the end of the autumn its milestones for possible adoption of a global set of accounting rules, its chairman Mary Schapiro said on Thursday.
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WASHINGTON, Oct 2 (Reuters) – Finalizing a controversial proposal to give U.S. investors a cheaper and easier way to nominate corporate directors is taking longer than expected and securities regulators will not vote on it until early in 2010.

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By Christopher Doering
WASHINGTON, Sept 30 (Reuters) – The two main U.S.
regulators policing the securities and futures markets said on
Wednesday they will issue on Oct. 15 a report outlining where
their regulatory frameworks differ and ways to bridge those
gaps.

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By Rachelle Younglai
WASHINGTON, Sept 29 (Reuters) – U.S. securities regulators are eyeing new restrictions on the multi-trillion dollar securities lending market used by short-sellers after the credit crisis revealed the industry was “anything but low risk.”

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By Charles Abbott and Rachelle Younglai
WASHINGTON, Sept 22 (Reuters) – The U.S. securities regulator warned Congress on Tuesday that parts of the $450 trillion private swaps market could still fall through regulatory cracks under the Obama administration’s financial reform plan.

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By Karey Wutkowski

WASHINGTON, Sept 18 (Reuters) – U.S. hedge funds will likely have to provide “pretty detailed reporting” to regulators in the future and some public disclosure of their activities, the chairman of the U.S. Securities and Exchange Commission said on Friday. Mary Schapiro said her agency is already exploring what the requirements might look like — and how to balance competitiveness concerns — as Congress debates whether to give the SEC more power. (more…)

BOSTON/WASHINGTON, Sept 2 (Reuters) – U.S. securities
regulators missed repeated chances to uncover Bernard Madoff’s Ponzi scheme, a sharply critical review by a federal watchdog said on Wednesday.

A summary of a report by the U.S. Securities and Exchange Commission’s Inspector General, released by the SEC, described five investigations the SEC launched into Madoff’s business because of complaints dating to 1992, and said “a thorough and competent investigation or examination was never performed.”

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By Christopher Doering and Rachelle Younglai
WASHINGTON, Sept 2 (Reuters) – Major exchanges differed on how far U.S. securities and futures regulators should align their rules, with the world’s largest – the Chicago Mercantile Exchange – arguing against a one-size-fits-all rule.
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By Jonathan Spicer
NEW YORK, Aug 24 (Reuters) – Senator Ted Kaufman on Monday asked U.S. regulators to undertake a comprehensive review of several “questionable” developments in the structure of capital markets, the latest lawmaker to weigh in on so-called dark pools, flashes, and high-frequency trading.

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By Ross Kerber
BOSTON, Aug 18 (Reuters) – Federal securities officials warned investors for the first time on Tuesday that leveraged exchange-traded funds could lead to big losses.

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