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NEW YORK--Securities and Exchange Commission Chairman Mary Schapiro said Monday that the regulator had boiled down its plan to propose fundamental reform to the operation of the nation’s money market funds.
November 8 -
Commodity Futures Trading Commission chairman Gary Gensler said Monday he recused himself from the regulator’s probe of the failure of derivatives player MF Global, because “I didn't want my participation to in any way be a distraction.''
November 7 -
SEC Chairman Mary Schapiro said reform of money market funds boils down to creating a dedicated capital buffer, to protect against runs, or letting the net asset value of such funds float, day by day, long anathema in the industry.
November 7 -
Commodity Futures Trading Commission chairman Gary Gensler said Monday he recused himself from the regulators probe of the failure of derivatives player MF Global, because I didn't want my participation to in any way be a distraction.''
November 7 -
Krawcheck calls for more diverse perspectives -- not necessarily based on gender or race -- and talks about the importance of appealing to younger investors put off by the struggling economy and Wall Street scandals.
November 7
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The whipsaw of stock prices this year is not due to faulty functioning of markets, say exchange operators. Tinkering with market data or other parts of a "highly tuned engine" must be carried out carefully, as a result, said Goldman Sachs' head of U.S. equities trading.
November 7 -
Citigroup Chief Executive Vikram Pandit said Monday that MF Globals woes point to a need for an expanded focus on the shadow banking system and broader transparency for derivatives.
November 7 - Money Management Executive
While 88% of mutual fund companies that Corporate Insight tracks offer materials on market volatility, only 40% organize this content into centralized outlets. This, Corporate Insight said, is "a key factor in determining firms' effectiveness in communicating with clients and prospects during ongoing market instability."
November 7 - Money Management Executive
In today's complex distribution environment, mutual funds have fee arrangements with hundreds of third-parties that vary by product, platform and services provided. Complicating matters further is the continued adoption of omnibus accounts at brokerages, obscuring the underlying client and sales data.
November 7 -
Eileen Rominger, director of the Securities and Exchange Commission's division of investment management, testified last month before the U.S. Senate that the commission is reviewing whether the widespread use of exchange-traded funds is contributing to market volatility.
November 7
