Regulation

The Securities and Exchange Commission said it would decide in 2011 if it would adopt international standards, but that adoption would not come before 2015.

The top Republican tax-writer in the Senate yesterday warned colleagues that provisions in the House-passed jobs bill that offer high subsidy rates for Build America Bond-type programs would allow Wall Street banks to pocket more in underwriting fees.

After years out of the spotlight due to the financial crisis, anti-money-laundering issues returned to Capitol Hill on Wednesday as lawmakers raised renewed concerns about the supervision of money-services businesses.

A total of four sessions at the conference were focused on regulations and fiduciary responsibility and speculation swirled about who would be affected and how.

The Municipal Securities Rulemaking Board is expected to file long-awaited rule changes with the Securities and Exchange Commission that would implement the final phase of its transparency system for auction-rate securities and variable-rate demand obligations.

Senate Banking Committee Chairman Chris Dodd said Tuesday that he continues to hope for a strong bipartisan regulatory reform bill, but he offered no fresh details on developments in negotiations.

Tarp warrants could spawn a new source of funds for banks

Bank regulators issued 1,143 formal enforcement actions against banks and their holding companies last year, a new record and more than double the 2008 tally.

Money market funds are welcoming the Federal Reserve’s offer to buy an estimated $1 trillion in reverse repos, as the economy continues to rebound and the government looks to reduce the $2 trillion it pumped into the capital markets.

Capital Fulfillment Group has debuted ClickOne, a summary prospectus tool in compliance with Securities and Exchange Commission rules. Using patented technologies, it is designed to offer a simple and cost-effective way for mutual fund companies to equip investors with summary prospectuses via print-on-demand. CFG estimates this will reduce asset management firms' printing costs by 80%.