Fight to Reform Money Market Funds Continues
Regulators’ fight to reform money market funds continues.
How the Election Will Shape Regulatory Policies for Advisors
The president appoints the people who will make the most important decisions on regulatory policy that affect your profession. First up on our list of potential changes: Treasury.
AIG Stock Sale Could Trigger Federal Regulation
American International Group is on the verge of becoming the first insurance holding company ever regulated by the federal government.
Geithner: Europe Crisis Is Biggest Threat to U.S. Economy
Treasury Secretary Timothy Geithner discussed with lawmakers on Wednesday a number of issues, from the success of financial reform to the European crisis to the SEC's attempt to overhaul money-market funds.
Top 7 Reasons Dodd-Frank Is Working: Treasury
A Treasury official laid out on Thursday the reasons why the Obama administration believes the Dodd-Frank Act is providing a “sound foundation” to get the economy back on track.
Dodd-Frank Should Not Be Repealed: House Hearing Consensus
While they had many complaints about the Dodd-Frank Act, all of the financial services representatives testifying at a House Financial Services hearing stopped short of saying the law needs to be repealed.
New Hire Roundup: Putnam Adds Three; Wagner Retires From BlackRock, Joins Board
This week in new hires, David Scheetz, Edward Deeds and James Axford joined Putnam Investments; and Susan Wagner retired as vice chairwoman of BlackRock and was named to its board.
Unfinished Business: Dodd-Frank’s Many Questions
On July 21, 2010, President Obama signed the Wall Street Reform and Consumer Protection Act, known as Dodd-Frank, into law. Two years on, uncertainty abounds about the legislation’s meaning and impact.
Why the Financial Crisis Can Happen Again: News Analysis
More than four years after the financial crisis began, could it all happen again? Has Wall Street changed its ways? How about Washington?
SEC’s Schapiro: Money-Market Funds’ Stable NAV Is a ‘Fiction’
SEC Chairwoman Mary Schapiro reiterated to senators Thursday that further reforms to money-market funds are necessary, saying the funds still “pose a significant risk” to the nation’s economy.