Questions Arise About UBS Risk Controls Alistair MacDonald and Deborah Ball (WSJ – subscription required) September 16, 2011 “Risk-management and control specialists are again questioning the banking industry’s ability to manage risks and regulator’s efforts to police the sector after a UBS AG trader lost
Global Standards Sought on Rules Victoria McGrane (WSJ – subscription required) September 16, 2011 “Treasury Secretary Timothy Geithner in a letter Wednesday assured Congress that the Obama administration and federal regulators are working with their international counterparts to see they adopt similar rules requiring market
Delta One Desks Are Big Moneymakers Susanne Craig and Azam Ahmed (DealBook/NYT) September 15, 2011 “The $2 billion trading loss that has rocked the Swiss banking giant UBS has also cast a spotlight on a relatively unknown but increasingly profitable corner of Wall Street —
FOR IMMEDIATE RELEASE DATE: September 15, 2011 CONTACT: John Carey at 202-466-1854 john@ourfinancialsecurity.org AFR Statement on Markup of FY12 Financial Services and General Gov’t Appropriations Bill Washington, DC – Americans for Financial Reform, a coalition of more than 250 national, state and local organizations
Read AFR’s letter urging members of the Senate Appropriations Committee to vote “No” on any amendments that would undermine the CFPB through the appropriations process.
Click here to view AFR’s comment letter to the SEC regarding the study on assigned credit ratings for structured finance products mandated by section 939F (Franken Amendment) of Dodd-Frank. We said it is vitally important that the Commission explore more sweeping reforms designed to directly
Swap Lobbyists Pushing SEC Version of Trading Rules Over CFTC Jesse Hamilton and Silla Brush (Bloomberg) September 9, 2011 “In a match made in Congress, the Securities and Exchange Commission and Commodity Futures Trading Commission are supposed to work in tandem to oversee the $601
Tell Your Senators to vote to support the nomination of Rich Cordray to direct the Consumer Financial Protection Bureau. Rich Cordray will make an effective leader for the CFPB. He has an impressive and balanced record of public service. As Attorney General of Ohio,
Click here to view an August 29 letter from the Federal Reserve asking Capital One Financial Corp. where businesses overlap and what their market share is in these areas.
Protecting Investors—Establishing the SEC Fiduciary Duty Standard by: Mercer Bullard, Associate Professor, University of Mississippi School of Law | from: Public Policy Institute | September 2011 Many broker-dealers are not subject to a fiduciary duty when they provide personalized investment advice to their clients. Broker-dealers