QE Is Dead; What’s Next for Fed?
Some analysts expect longer-term fallout from QE’s end as the Fed juggles multiple challenges.
NARAB II Bill Would Help Retirees Keep Advisor When Moving Out of State
IRI says there is unprecedented support for the bill, which would establish an insurance licensing clearinghouse for financial professionals operating in multiple states.
House Committee Votes to Block SIFI Designations
The two bills would effectively shutter the FSOC for a year, but analysts give them little chance of becoming law.
House Passes Bill to Rein In CFPB
The bill replaces the director with a bipartisan board and cuts bureau workers’ pay; Senate support for the measure is unclear.
NARAB II Bill Clears Senate Banking Committee
The bill would establish the National Association of Registered Agents and Brokers, a nonprofit, independent board to provide a mechanism for multistate licensing for insurance producers
House Republican Calls SEC Security Breach ‘Frightening’
Texas Republican Neugebauer calls episode involving unencrypted laptop use by SEC staffers a "frightening lapse of judgment."
Corzine Caused MF Global to Tank, House Panel Reports
Decisions by Jon Corzine to chart a “radically different course for MF Global and try to turn the 230-year-old commodities broker into a full-service investment bank,” were the main reason the firm went bankrupt, according to a House report.
House Subcommittee Set to Release MF Global Collapse Report
“Our investigation is essentially an autopsy of how MF Global came to its ultimate demise and what policy changes need to be made to prevent similar customer losses in the future,” said the subcommittee’s chairman, Randy Neugebauer, R-Texas.
House Subcommittee to Release Review of MF Global Collapse
The House Financial Services Subcommittee on Oversight and Investigations said Wednesday that it expects to report the results of its yearlong investigation into the collapse of MF Global in the next few weeks.
Congress Prods N.Y. Fed for More LIBOR Info
The House Financial Services Oversight and Investigations Subcommittee told the New York Fed on Monday that it wants more information about the the handling of banks’ alleged “manipulation and suppression” of LIBOR.