Regulation & Compliance
Shedding Light on ‘Dark Side’ of Internet of Things
The futuristic world of self-driving cars, eyeglasses that e-mail and trash cans that call for pickup is running into the old-fashioned pace of doing business in Washington. Companies from Google ...
Top Jury Awards in 2013
U.S. juries awarded three verdicts of $1 billion or more for the third straight year in 2013, topped by a $1.2 billion award against Dow Chemical Co., the largest ever in a price-fixing case. Second ...
West Virginia Spill Triggers Calls for Stronger Chemical Regulation
A chemical spill that left 300,000 people in West Virginia unable to drink their water is reviving calls for more stringent regulation of thousands of chemical storage sites in the U.S., especially ...
BlackRock Agreement with New York AG Ends Analyst Survey Program
BlackRock Inc., the world's largest asset manager, agreed to end its analyst survey program worldwide, as part of an agreement reached Wednesday with the New York Attorney General's office. The ...
A.M. Best Moves Tower Rating Status to Developing, Still Under Review
On Friday, A.M. Best Co. announced that it changed the "under review" status Tower Group ratings to "under review with developing" implications rather than "negative" implications—a reaction to ...
Investment Funds with Assets Over $100B May Be Too Big to Fail, FSB Says
Investment funds that manage more than $100 billion in assets may be labeled too big to fail, global regulators said, as they seek to expand financial safeguards beyond banks and insurers. Hedge ...AIG Extends Tax Asset Protection Plan by 3 Years
American International Group Inc. extended by almost three years a plan designed to protect the value of deferred tax assets that limit payments to the government that bailed out the insurer. The ...
China Requiring New Disclosures by Systemically Important Banks
China's bank regulator will require the country's largest lenders to disclose their off-balance-sheet exposures and other indicators in a move to implement global rules designed to strengthen ...