Regulation

SEC approves pay-for-performance requirement for companies

SEC approves pay-for-performance requirement for companies

The Securities and Exchange Commission on Wednesday approved new pay-for-performance requirement that means companies must now disclose the relationship between executive compensation and financial...

April 29, 2015 | 03:35 pm
DeAWM petitions DOL for exemption to manage U.S. retirement assets

DeAWM petitions DOL for exemption to manage U.S. retirement assets

Deutsche Asset & Wealth Management, the money management unit of Deutsche Bank, applied to the U.S. Department of Labor for permission to continue providing services to retirement plans after the...

April 28, 2015 | 03:42 pm
Deutsche Bank to pay $2.5 billion settlement for LIBOR manipulation

Deutsche Bank to pay $2.5 billion settlement for LIBOR manipulation

Deutsche Bank will pay more than $2.5 billion to settle charges by U.S., U.K. and New York state authorities that it manipulated the London interbank offered rate for the U.S. dollar, yen, pound and...

April 23, 2015 | 12:00 pm
Investor groups say SEC should require companies to disclose political spending

Investor groups say SEC should require companies to disclose political spending

Five state treasurers, including North Carolina Treasurer Janet Cowell, sole trustee of the $88.8 billion North Carolina Retirement Systems, Raleigh, are urging the SEC to require corporate political ...

April 21, 2015 | 03:49 pm
DOL's proposed fiduciary rule on advice gets a thumbs-up

DOL's proposed fiduciary rule on advice gets a thumbs-up

Defined contribution industry executives are optimistic that after nearly four years of work and intense debate, the Department of Labor's proposal for updating a 40-year fiduciary standard for...

April 20, 2015
GE holds talks with sovereign wealth funds for sale of finance assets

GE holds talks with sovereign wealth funds for sale of finance assets

General Electric Co. has held talks with “a broad geographic spectrum” of sovereign wealth funds as part of the effort to sell the bulk of its financial business, said Jeff Bornstein,...

April 17, 2015 | 04:05 pm
DOL grants BNP Paribas money management exemption

DOL grants BNP Paribas money management exemption

BNP Paribas can continue providing money management services to U.S. retirement plans, despite the parent company's June 2014 guilty plea to violating U.S. sanctions in several countries.

April 15, 2015 | 04:12 pm
Satisfy Department of Labor Guidelines with a Participant-Focused Approach to Target Date Funds

Satisfy Department of Labor Guidelines with a Participant-Focused Approach to Target Date Funds

Capital Group outlines a comprehensive way of evaluating target date funds to help satisfy DOL guidelines, while supporting participants' retirement savings efforts. Learn about the key factors in...

April 06, 2015 | 04:46 pm
Treasury Department, IRS release guidance to correct auto-enrollment errors

Treasury Department, IRS release guidance to correct auto-enrollment errors

The Treasury Department and the IRS on Thursday announced new guidance to defined contribution plans offering auto-enrollment features that will make it easier for the plans “to easily correct...

April 02, 2015 | 03:33 pm
Schapiro: Multitude of trading venues a regulatory challenge for SEC

Schapiro: Multitude of trading venues a regulatory challenge for SEC

The equity market structure with more than 70 venues for trading and 35% of trades done in dark pools represents a major regulatory challenge for the Securities and Exchange Commission, Mary Schapiro,...

March 31, 2015 | 02:26 pm
Broader SIFI designation has managers scrambling

Broader SIFI designation has managers scrambling

A number of large, global money managers are at risk of increased costs and competitive disadvantage if current proposals by global regulators to categorize them as systemically important financial...

March 23, 2015
Litigation heavy on minds of defined contribution execs

Litigation heavy on minds of defined contribution execs

Defined contribution plan executives are as concerned about litigation as they are about failing to meet their participants' retirement goals, investment consultants revealed in a survey by Pacific...

March 23, 2015

SIFI designation could increase innovation, too

While the categorization of certain large, global money managers and some investment funds as systemically important financial institutions might increase costs, it also could increase innovation in...

March 23, 2015
SEC pay-to-play critics get their day in court

SEC pay-to-play critics get their day in court

Republican state committees in New York and Tennessee asked a federal appeals court in Washington on Monday to overturn the Securities and Exchange Commission’s pay-to-play rule.

March 23, 2015 | 03:33 pm
ICE Futures U.S. pays $3 million in CFTC settlement

ICE Futures U.S. pays $3 million in CFTC settlement

ICE Futures U.S. reached a $3 million settlement with the CFTC over charges that the global futures and options exchange submitted false and incomplete reports and data to the agency for at least 20...

March 17, 2015 | 02:56 pm