Basel: Measures for ‘all’ systemic firms
Friday 20 Jan 2012 | [email protected] Extra requirements could be imposed for a range of systemically important firms, including central counterparties, insurers and domestic banks, according to the Basel Committee for Banking Supervision.
Senators urge SEC on political spending
Friday 20 Jan 2012 | [email protected] Senators have called on the Securities and Exchange Commission to use its authority to force corporations to disclose their political spending in a bid to raise transparency.
The muddy waters of regulation
Friday 20 Jan 2012 | Matt Gibbs
Audit and reporting requirements are only going to increase in future years so it is essential that financial institutions have decent systems and controls in place to deal with this, says Matt Gibbs, product manager for Linedata.
US condorsement ‘only viable option’
Thursday 19 Jan 2012 | [email protected] The US is likely to introduce IFRS accountancy standards in a “prolonged, cautious and incremental” way, rating agency Fitch has warned.
US senator calls for MF Global overhaul
Thursday 19 Jan 2012 | Karina Whalley
The US Senate’s committee on agriculture chair has called on business, market participants and consumer advocacy groups to weigh in on the MF Global bankruptcy.
Fed ‘open to’ Volcker rule alternatives
Thursday 19 Jan 2012 | Karina Whalley
The Federal Reserve has defended its Volcker rule proposals before lawmakers, saying its approach is the most feasible to date but that it is open to ‘superior’ alternatives.
IMF could be set for $600bn funding hike
Wednesday 18 Jan 2012 | [email protected] The International Monetary Fund is to ask its members for $600bn (€468bn) in further funding to help insulate the global economy against the eurozone debt crisis, according to reports.
SEC inspector general Kotz leaving
Wednesday 18 Jan 2012 | Karina Whalley
The US Securities Exchange Commission’s tough internal watchdog, David Kotz, will be leaving the position by the end of January after four years of helping to overhaul the agency’s operations.
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