Regulation & Compliance
FSB, FSOC Systemic Insurer Lists Need Alignment, Say U.S. Regulators
Insurers should not be forced to hold extra capital just because of their size, because the extra cost would simply be passed on to consumers, U.S. regulators said on Tuesday. G20 world leaders have ...
Citizens CFO Binnun Returning To Private Sector
Following a six-year tenure as Citizens Property Insurance Corporation's chief financial officer, Sharon Binnun has accepted a position in the private sector and will resign her post effective July ...
SEC Will Seek Admission of Wrongdoing in More Cases, White Says
The U.S. Securities and Exchange Commission will seek more admissions of wrongdoing from defendants as a condition of settling enforcement cases, the agency's chairman said. SEC Chairman Mary Jo ...
Texas Wind Insurance Association Expects Surplus For Year-End 2013
The nonprofit, state-supervised property insurance agency for coastal Texas counties is expected to shore up its finances by the end of the year, the group told a state House panel on Monday. Pete ...
Cyber Disclosure To SEC Not Universal; Even Insurer Fails To Report: Willis
A majority of the U.S. listed Fortune 500 firms are following the U.S. Securities and Exchange Guidelines by providing some level of disclosure regarding cyber exposures, but disclosure is not ...Detroit Default, Restructuring Plan Break New Ground: Moody’s
Detroit's default and debt restructuring plan are precedent-setting in the U.S. municipal market, Moody's Investors Service said on Monday, because the city is looking to bondholders, as well as ...
EU Allows Exchange Information Exchange With U.S. on Audit Probes
Audit regulators in the European Union won EU approval to swap information with their U.S. counterparts in a step that makes it easier for watchdogs to probe potential malpractice. The U.S. Public ...Russia Sets Back UN Global Warming Talks 6 Months
The United Nations global warming talks have been set back by six months after Russia and its allies blocked progress at a group charged with implementing decisions of the 190 nations involved in the ...