WASHINGTON, Sept 30 (Reuters) – A congressional panel will expand its examination of credit rating agencies to look at why U.S. securities regulators ignored warnings from former Moody’s Corp executives about the company’s weak compliance department and ratings process.
Financial Regulatory Forum
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.”
By Lilla Zuill and Grant McCool
WESTPORT, Conn./NEW YORK, Sept 28 (Reuters) – Joseph Cassano has come home to face the music.
The former AIG executive closely associated with one of the most sensational collapses in corporate history, recently slipped back into the United States.
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.
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…)
By Rachelle Younglai
WASHINGTON, Sept 15 (Reuters) – The U.S. Securities and Exchange Commission may force banks to share data used to rate bonds with all credit rating agencies, reducing the risk that investors will buy securities with inflated ratings, two people familiar with the regulator’s thinking said.
By Jonathan Stempel and Grant McCool
NEW YORK, Sept 14 (Reuters) – A federal judge rejected Bank of America Corp’s $33 million settlement with the U.S. Securities and Exchange Commission over Merrill Lynch & Co bonuses as a contrivance, and New York’s top legal officer prepared to sue senior bank executives.
By Jonathan Spicer
NEW YORK, Sept 11 (Reuters) – In obscure corners of the U.S. stock market — where “flash orders,” “dark pools” and other controversial practices thrive — regulators are trying to shine a light to guard against unfair dealing.
Sept 11 (Reuters) – The U.S. Chamber of Commerce and 20 companies have raised objections to the U.S. Securities and Exchange Commission’s proposed limits on the kinds of debt money-market mutual funds can buy, the Wall Street Journal said, citing a chamber letter to the SEC.