Regulators Approve Volcker Rule, the Core of Dodd-Frank
The Fed and FDIC unanimously vote to adopt the rule, which adds tough new restrictions on banks.
Bogle Hailed as Warrior for the Common Investor
Michael Zeuner and Jim Patrick of Institute for the Fiduciary Standard remain optimistic, tying John Bogle's "investor first" approach to the fiduciary standard.
Yellen: QE Will Continue, but Not ‘Forever’
At her confirmation hearing, Janet Yellen said there were “dangers” in ending quantitative easing too early as well as in “continuing it too long.”
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.
Prudential Loses Appeal, Is Designated a SIFI by FSOC
Under the Dodd-Frank Act, Prudential is entitled to bring an action within 30 days in federal court to have the final determination rescinded.
6 Key Concerns With the Fed’s Take on ETFs
There are many holes in, and questions about, Bernanke's argument that leveraged and inverse ETFs are hurting the markets.
SEC’s Deputy Director of Economic and Risk Analysis to Depart
Kathleen Weiss Hanley, who helped incorporate “rigorous economic modeling” into agency activities, to join University of Maryland’s Robert H. Smith School of Business.
Bernanke Signals Flexibility on Tapering
Fed Chairman Ben Bernanke told lawmakers Wednesday that if the economy falls short of expectations, the Fed could change its tapering plans and even “potentially increase purchases for a time.”
SEC Nominees Vote Tabled Due to Lack of Quorum
Meanwhile, the Senate confirmed Richard Cordray as CFPB director.
New Hire Roundup: U.S. Bank Wealth Management Welcomes Mook
This week in new hires, David Mook joined U.S. Bank Wealth Management, and Sterne Agee welcomed Robert Mohs to its Chicago office.