Financial Regulatory Forum

State Street says U.S. requested info on funds

February 23, 2010

   By Svea Herbst-Bayliss
   BOSTON, Feb 22 (Reuters) – State Street Corp <STT.N> reported on Monday that federal securities regulators and federal prosecutors had asked it to supply information about several of its funds. (more…)

INTERVIEW – Proxy access for all, U.S. SEC Commissioner says

February 9, 2010

By Rachelle Younglai

WASHINGTON, Feb 9 (Reuters) – All publicly traded companies should be required to give shareholders a way to influence the composition of their corporate boards, a top U.S. Securities and Exchange Commission official said on Tuesday.

US SEC to mull short-sale curbs in coming weeks

February 5, 2010

WASHINGTON, Feb 5 (Reuters) – U.S. securities regulators will consider short selling curbs in “coming weeks,” Securities and Exchange Commission Chairman Mary Schapiro said on Friday.

New York charges Bank of America, ex-CEO with fraud; SEC settles

February 5, 2010

By Jonathan Stempel and Joe Rauch

NEW YORK/ORLANDO, Fla., Feb 4 (Reuters) – New York’s attorney general charged Bank of America Corp former Chief Executive Kenneth Lewis and former Chief Financial Officer Joe Price with fraud for allegedly misleading shareholders about the acquisition of Merrill Lynch & Co.

U.S. SEC bolsters money market fund rules on risk, liquidity

January 27, 2010

By Rachelle Younglai

WASHINGTON, Jan 27 (Reuters) – U.S. securities regulators adopted rules aimed at making money market funds a safer investment after the collapse of the Reserve Primary Fund triggered a run on the $3.24 trillion market in 2008.

US SEC mull tough rules for money market funds

January 27, 2010

By Rachelle Younglai and Aaron Pressman

WASHINGTON/BOSTON, Jan 26 (Reuters) – U.S. regulators are preparing new rules to limit the risks taken by money market funds, aiming to ensure investors can always withdraw their money, two people familiar with the plans said on Tuesday.

UK finance executives worried by regulation – CBI

January 19, 2010

LONDON, Jan 18 (Reuters) – London’s status as a world financial centre is at risk due to a combination of rising regulation and global economic shifts, according to senior executives polled by Britain’s biggest business lobby.

U.S. derivatives market agrees to more transparency – NY Fed

January 15, 2010

    NEW YORK, Jan 14 (Reuters) – Big players in the $450 trillion derivatives markets agreed to increase transparency and expand the volume and type of contracts they route to central counterparties, the New York Federal Reserve said on Thursday. (more…)

Top regulators to face U.S. financial crisis panel

January 14, 2010

By Kevin Drawbaugh

WASHINGTON, Jan 14 (Reuters) – Senior U.S. regulators, including outspoken Federal Deposit Insurance Corp Chairman Sheila Bair, will tell their side of the story on Thursday to a commission examining the origins of the 2008 financial crisis.

US SEC proposes “effective” ban on naked access

January 13, 2010

By Rachelle Younglai and Jonathan Spicer

WASHINGTON/NEW YORK, Jan 13 (Reuters) – U.S. securities regulators proposed rules on Wednesday that would require more supervision of unlicensed high-frequency traders who gain unfettered, or “naked,” access to public markets.