Regulation & Compliance
Too-Big-to-Fail Rule Under Attack From House Republicans
Congressional Republicans are taking aim at the regulatory process through which some financial institutions become subject to heightened regulation because they are deemed too big to fail. In a ...
Buybacks Not ‘Un-American,’ But Accounting ‘Adjustments’ Cringeworthy, Buffett Says
Billionaire investor Warren Buffett on Saturday attacked what he saw as tricks used by U.S. companies to boost earnings and stock prices, but he defended one oft-criticized practice: share buybacks. ...
Solvency II Is Boosting Reinsurance Demand, 1/1 Renewals Show
The January renewals period show that Solvency II will increase demand for reinsurance products as European insurers attempt to strengthen their capital position through risk transfers, Fitch Ratings ...
Despite AIG’s Poor Q4, Standard & Poor’s and Fitch Remain Patient
Despite American International Group's poor 2016 fourth quarter earnings performance, Fitch Ratings and Standard & Poor's both have affirmed the insurer's ratings, with a few qualifiers slipped ...
Federal Reserve Chair Yellen Defends Global Regulatory Talks in Age of Trump
Federal Reserve Chair Janet Yellen, in response to a warning from a U.S. congressman to halt global regulatory talks in the early stages of Donald Trump's presidency, said in a letter the Fed has the ...
Ex-CFO of Bankrupt Enron Offers D&O Lessons from Accounting’s ‘Gray’ Areas
Andrew Fastow, former chief financial officer of Enron Corp., a now-defunct energy trading company swept up in a massive fraud scandal in the early 2000s, warned a room full of directors and officers ...
Greenberg, New York AG Dispute Admission of Wrongdoing in Fraud Settlement
Almost a dozen years ago, then-New York Attorney General Eliot Spitzer filed a fraud lawsuit against former American Insurance Group Inc. CEO Maurice "Hank" Greenberg over two reinsurance ...
Pending New York Cybersecurity Regs Risk Raising Loss Potential: Fitch Ratings
New cybersecurity regulations in New York could raise loss potential for insurers, even as they fuel premium growth for both the cybersecurity and directors and officers sectors, Fitch Ratings said ...