Senator Concerned Over Treasury’s SIFI Report on Asset Managers
Issues have been raised about “the integrity” of the study on systemic importance of asset management firms, says Senate Banking's Crapo.
SEC Issues Guide on Muni Advisor Registration, Extends Compliance Deadline
Among other matters, the guidance clarifies that advisors using swaps or security-based swaps in municipal entity portfolios do not have to register as municipal advisors.
Asset Managers as SIFIs? No Way, Trade Groups Say
SIFMA and the IAA called on the Treasury to withdraw its report on asset managers' systemic importance, calling it biased and inaccurate.
Industry Opponents Slam Volcker Rule as Volcker Defends It
The controversial Volcker rule that regulates proprietary trading came in for a final round of comment as frustrated bankers, activists and Paul Volcker himself flooded government regulators with statements.
National Bank of Abu Dhabi Launches ‘Cautious Income Fund’
On Wednesday, the National Bank of Abu Dhabi (NBAD) announced that it would launch the NADB Cautious Income Fund.
The money management alternative
Whether it's managed options, hedge funds, separately managed accounts or a host of others, advisors are scrambling to find the sexy new thing to offer...