Regulation & Compliance
Wolin Leaving as Deputy U.S. Treasury Secretary
Deputy U.S. Treasury Secretary Neal Wolin, who has defended tighter financial regulation as necessary in the aftermath of the 2008 credit crisis, is stepping down at the end of August, according to ...
BP Loses Bid to Halt Oil Spill Claim Payments
A federal judge denied an attempt by BP Plc to suspend payments to people and businesses claiming damages related to the 2010 Gulf of Mexico oil spill, while an investigator looks into possible ...
Some Question Labeling 9 Global Insurers Systemically Important
Europe's insurers criticised the approach taken by international regulators which named firms considered systemically important as they try to reduce financial risks from the sector. Two global ...
A.M. Best Revises Give Thumbs Up To Lloyd’s
On Friday, A.M. Best Europe–Rating Services Limited announced that it revised the outlook of its A (excellent) financial strength rating for Lloyd's to positive, affirming the rating and moving the ...
U.S. SEC Says As Red Flags Waved, SAC’s Cohen Waved Them
"Failure to supervise" is not the sort of charge that typically grabs Wall Street's attention. Unless the target is one of the world's best-known hedge fund managers. In an order on Friday, the U.S. ...
Fitch Sees Limited Credit Improvement For G-SIIs; Predicts Some Will Work To Get Off List
Reacting to the Financial Stability Board's identification of nine global systemically important insurers, Fitch Ratings sees only a "modest improvement" in the insurers' credit profiles, with higher ...
SEC Readies Rule on Disclosure of CEO-to-Worker Pay Ratios
Public companies would be required to disclose how much more their chief executives are paid than rank-and-file workers under a rule to be proposed next month by U.S. securities regulators, according ...
9 Global Insurers to Face Higher Capital Standards, Tougher Supervision
Top insurers will have to hold more capital from 2019 to cover risks they pose to the financial system should they go bust, global regulators said on Thursday. Regulators also released an initial ...