Regulation & Compliance
Senator Demands Economic Justification For No-Admission Settlements
An outspoken freshman U.S. senator with a record of taking on Wall Street wants financial regulators and federal prosecutors to provide an economic justification for allowing big banks to settle ...
Senate Duo Wants Quick SEC Action On Credit Raters
A bipartisan pair of U.S. senators urged federal securities regulators to move quickly on fundamental changes to how credit-rating agencies are compensated, a step they said will reduce the type of ...
How They Rank: Fitch Reports On Top D&O Insurers
Directors and officers liability insurance premium rates were previously lagging the market recovery in the broader commercial lines segment, but pricing trends are now catching up, Fitch Ratings ...
D&O Pricing Catching Up To Loss Trends: Fitch
Direct written premiums for the directors and officers liability insurance line rose 6.9 percent last year, according to a recent analysis by Fitch Ratings, which also shows that direct loss ratios ...
Social Media & The SEC: New Opportunity and New Risk for Public Companies
It is now over a month since the U.S. Securities and Exchange Commission (SEC) issued guidance in the form of a report of investigation ("April Report") explaining why it decided not to bring an ...
Former NY Governors Tell AG: Drop Greenberg Suit
In an opinion piece published in today's Wall Street Journal, two former New York governors are urging the New York Attorney General to stop the pursuit of Maurice "Hank" Greenberg in a case tied to ...
Understanding S&P’s New Insurance Rating Criteria: Rodney Clark Q&A
Late last month—in advance of the May 7, 2013 publication of a new rating methodology for insurers by Standard & Poor's—S&P Managing Director Rodney Clark gave Carrier Management a ...
As in Greenberg Case, New York May Drop Claims Against BofA Over Merrill
Last month, New York Attorney General Eric Schneiderman withdrew claims for up to $6 billion in damages against former AIG chief Hank Greenberg. Now, another big case - against Bank of America over ...