The Securities and Exchange Commission is seeking public comment on the order in which new rules regulating the derivatives market should take effect. The call for feedback was part of a policy statement released on June 11. Title VII of the Dodd-Frank Act establishes a framework to regulate over-the-counter derivatives, authorizing the Commodity Futures Trading […]
Joe Mont
Posted inFrom the Archive
Bair, Volcker Lead New Group Looking to Accelerate Financial Market Reforms
The slow pace of Dodd-Frank Act rulemaking has prompted some familiar faces from the worlds of finance and government to join forces and turn up the heat on regulators. The Systemic Risk Council—a private sector, volunteer group led by former Federal Deposit Insurance Corp. chair Sheila Bair—will meet for the first time on Monday, June […]
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OCC Focuses on Liquidity With Comptroller’s Handbook Update
The Office of the Comptroller of the Currency has revised the “Liquidity” booklet of the Comptroller’s Handbook for bank examiners, replacing a similarly titled document that dates back to February 2001. The new booklet updates guidance to examiners and bankers on assessing the quantity of liquidity risk exposure and the quality of liquidity risk management. […]
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CFTC Chairman Says Overseas Trading Could ‘Undercut’ Swaps Market Reforms
While the U.S. Commodity Futures Trading Commission continues to work through a slate of swaps market reforms mandated by the Dodd-Frank Act, CFTC Chairman Gary Gensler sees an overseas threat that could undermine that process. During a keynote address on Thursday at the Sandler O’Neill Global Exchange & Brokerage Conference in New York, an annual […]
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SEC, CFTC Take Budget Hits as Republicans Strike at Dodd-Frank Act
Unable – for now, at least – to kill the Dodd-Frank Act legislatively, Congressional Republicans will at least try to starve it. On Tuesday, the House Appropriations Committee released the Fiscal Year 2013 Financial Services and General Government Appropriations bill, which provides annual funding for various agencies, among them the Treasury Department, the Executive Office […]
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NASDAQ Readies $40 million Facebook Fund, NYSE Cries Foul
NASDAQ will set aside $40 million in a fund, drawing upon it to offer restitution to investors impacted by technical glitches that accompanied Facebook’s public launch. The Boards of The NASDAQ OMX Group and The NASDAQ Stock Market are asking the Securities and Exchange Commission for approval of a “one-time, voluntary accommodations program for qualifying […]
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SEC’s Whistleblower Bounties Will be Awarded Subjectively
The Dodd-Frank Act has led the Securities and Exchange Commission to institute a bounty program to offer cash rewards to informants that goes beyond anti-retaliation protections for those who provide information that relates to a possible securities law violation that has occurred, is ongoing, or is about to occur. Exactly how much of a reward […]
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Companies Look to the SEC to Rein in Proxy Advisory Firms
While the SEC has put rulemaking for a Dodd-Frank Act provision on regulating proxy advisory firms on the back burner, advocates of the measure continue to push for increased oversight of firms, which they say have run amok. Critics of proxy advisories, like ISS and Glass Lewis, say that the firms are susceptible to serving […]
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How the JOBS Act May Keep Companies Private
The JOBS Act has been billed as an “IPO on-ramp” by the Obama Administration. But a key piece of the law, which substantially increases the number of pre-IPO shareholders a company can have, could have the opposite effect of encouraging startups to stay private longer. In the months leading up to Facebook’s now-infamous initial public […]
Posted inTechnology
The Risks and Benefits of Allowing Employee-Owned Devices
Fueled by the popularity of the iPhone and iPad—and aided by the uncertain future of Research in Motion, maker of that longtime business staple the BlackBerry—companies are increasingly embracing a “bring-your-own-device” workplace. No longer content with just a company-issued desktop or laptop, employees are looking to thumb their way through e-mail and what is often […]
