Regulation & Compliance
SEC Proposes Rules for Systemically Important Clearinghouses
Clearinghouses guaranteeing trades in part of the $693 trillion swaps market would have to meet new standards to guard against defaults and failure under rules proposed by the U.S. Securities and ...
Senate Bill Would Free U.S. Insurers from Bank Capital Rules
The U.S. lawmaker who wrote a Dodd-Frank Act provision that imposes bank-like capital standards on the insurance industry introduced legislation to ease the requirements. Senator Susan Collins, a ...
Consortium of 20 Insurers Offers Coverage for Derivatives Clearinghouses
A group of insurers is for the first time offering to shoulder risk for clearinghouses backing hundreds of millions of derivatives trades, proposing more protection in markets where a collapse could ...
Senate Leaders Look to Quickly Pass U.S. House Flood-Insurance Measure
Senate leaders are seeking agreement to quickly pass a House flood-insurance bill to avert steep premium increases for property owners in coastal states such as Florida, Louisiana and New Jersey, ...
Fitch Sees Rise in Demand for Private Flood Insurance
As federal subsidies for flood insurance are reduced and the cost of government provided insurance goes up, the demand for private flood coverage could also rise, according to Fitch Ratings. However, ...
Company Mergers in U.S. Ignore 60-Day ‘Cooling Off’ Period: Reuters
Sometime soon, maybe in the next month or so, a federal judge is expected to decide whether the creation of the world's biggest passenger airline, as envisioned by two companies and the U.S. Justice ...
Tower Group Out of Compliance with NASDAQ Listing Rules
Tower Group International, Ltd. announced Friday that it received a notification letter from The NASDAQ Listing Qualification Department ("NASDAQ") on March 5, 2014, stating that the company is not ...
Top Execs of Failed Dewey Law Firm Charged with Fraud
Three former executives at Dewey & LeBoeuf LLP, once the No. 3 legal adviser to banks handling merger deals, were charged with a "blatant" $200 million fraud that spurred the largest law firm ...