3 Reforms of Money Market Funds Advanced by FSOC
The Financial Stability Oversight Council, using authority under Dodd-Frank, votes unanimously on the proposals and seeks public comment.
Bruce Bent Cleared in SEC Fraud Charges
Bruce Bent, founder of the first money market fund, was cleared of fraud charges Monday after the SEC alleged that he deceived investors leading up to the Primary Reserve Fund “breaking the buck.”
In Money Market Fund Reform, FSOC Must Act Carefully: Dechert
Treasury Secretary Geithner's proposal seeks to have the FSOC make recommendations for fund reform before it has established a fair process, Dechert says.
Members of ‘Gang of Six’ Warn About Fiscal Cliff at SIFMA Conference
At SIFMA’s annual meeting, Sens. Saxby Chambliss, R-Ga., and Mark Warner, D-Va., discussed the fiscal cliff and America’s future competitiveness in the global marketplace.
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Dodd-Frank Should Not Be Repealed: House Hearing Consensus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services representatives testifying at a House Financial Services hearing stopped short of saying the law needs to be repealed.