Compliance

With the SEC’s fiduciary-standard study period drawing to a close, SIFMA and FPC comment letters take up familiar arguments.

Banks and thrifts had their best performance in almost three years during the second quarter, earning $21.6 billion, a 16% jump from a quarter earlier, the Federal Deposit Insurance Corp. said Tuesday.

The Securities and Exchange Commission announced Monday that Christopher R. Conte is set to step down from his post next month after 18 years at the regulator.

As the Fed and OCC take over supervision of thrifts and their holding companies, savings and loans have grown increasingly scared about a possible crackdown on their business.

The SEC announced Monday the appointment of John Ramsay as the new deputy director in the division of Trading and Markets.

The Securities and Exchange Commission announced Monday the appointment of John Ramsay as the regulator’s new deputy director in the Division of Trading and Markets.

Kohn, 67, will become a senior fellow at Brookings in mid-September.

While it's clear that tighter rules for securitization are on their way, varying approaches to the issue by different agencies are making bankers and issuers uneasy.

So for UBS, the worst is over because the IRS is ending its case against the firm and only a data dump remains. But what's next?

In a letter to the SEC, investment management firm says it does support enhanced disclosure.

Although it supports the Securities Exchange Commission’s goal of bringing more disclosure to target-date funds, the proposal to include asset allocation information in the fund’s name will only confuse investors, BackRock said in a letter to the agency this week.

The securities industry regulator fined a Zions Bancorp unit $225,000 for failing to disclose a potential conflict of interest in online auctions for certificates of deposit.

The Securities and Exchange Commission has given money market funds a reprieve from following an amendment to money market fund regulations requiring allowing them to approve of the credit rating agencies they must use to determine whether a security is eligible for investment.

Wyser-Pratte Management, a New York-based fund manager and corporate raider, claims Broadridge Financial Solutions and French media giant Lagardere may have lost shares voted in favor of its proposals during an April proxy contest.

One of the Obama administration’s priorities is to get Congress to extend the Build America Bond program and federal officials are convinced BABs will remain a “vibrant market” even if the federal subsidy rate is reduced from its current 35% level, a Treasury Department official said ­Monday.

In the Senate for decades, Banking Committee Chairman Chris Dodd found passing regulatory reform to be one of his toughest challenges. In an extensive interview, he relives key moments, responds to criticism of the bill, and reflects on his own disappointments with the final law.

An overwhelming majority of Build America Bond subsidy payments have been paid in full to BAB issuers, suggesting that concerns about offsets are dramatically overblown, according to new data on state issuers compiled by the IRS.

A day after New Jersey settled securities fraud charges with the Securities and Exchange Commission for failing to disclose to bond investors that it was underfunding its two largest pension plans, offering documents for the state's record $2.25 billion short-term tax and revenue anticipation note deal included several pages of disclosures about the woefully underfunded retirement plans.

The Congressional Budget Office Thursday upped the estimated cost of the Build America Bond program by $10 billion to $36 billion over 10 years in its new estimates on the fiscal 2010 budget deficit and economic outlook.

The Federal Reserve Board, the sole bank holding company regulator for decades, is about to experience a pretty new concept: a teammate.