Regulation & Compliance
Key European Union Law On ‘Too Big to Fail’ Up for Vote
A European Union law up for a vote on Monday will only fully shield taxpayers from bailing out troubled banks if there is a global framework as well, a top UK regulator said on Monday. Bank of ...
Florida Catastrophe Fund Stronger As Storm Season Nears
Florida is heading into a new storm season with some good news for once. The state-created fund that backs up private insurers in Florida is in the best financial shape it has been in years — maybe ...
Deloitte’s Howard Mills On Leadership & Governance
"Take me to your leader." Those of us who grew up worshiping cheesy sci-fi movies from the 1950s are undoubtedly familiar with that line. It is what the aliens who land on earth usually say to the ...
Insurance Ops Still AA+ At Berkshire, But S&P Cuts Holding Co. Credit Rating
Applying a new group rating methodology to its assessment, Standard & Poor's lowered the counterparty credit rating for Warren Buffett's Berkshire Hathaway Inc. by one notch—to "AA" from ...
Controversial Global Accounting Rule Alters Treatment of Property, Equipment Leases
Company balance sheets could swell by trillions of dollars under an international plan issued on Thursday by two accounting bodies to show more clearly the cost of leasing everything from ...
BP Wants UK Prime Minister to Intervene on Gulf Spill Claims: BBC
British oil company BP wants Prime Minister David Cameron to intervene with the U.S. government over the escalating cost of compensating U.S. companies for the Gulf of Mexico oil disaster in 2010, ...Schwab Drops Its Class-Action Waiver Requirement… for Now
Charles Schwab Corp. has temporarily reversed its requirement that clients waive their right to bring class-action lawsuits, adding a new twist in a battle closely watched by the securities industry ...
Lack Of Visibility On Buffett Successor A Concern—But Not Enough To Tip Best Ratings
A.M. Best affirmed the "A++" financial strength rating and "aaa" issuer credit ratings of Berkshire Hathaway's National Indemnity Co. and its affiliates on Wednesday, while commenting on the lack of ...