Regulation

Texas court upholds DOL fiduciary rule, denies stay

Texas court upholds DOL fiduciary rule, denies stay

A U.S. district judge in Dallas dismisses a legal challenge to the Department of Labor's fiduciary rule, saying the rule is within the Labor Department's authority.

February 08, 2017 | 05:36 pm
Department of Justice asks for stay on fiduciary rule challenge pending agency review

Department of Justice asks for stay on fiduciary rule challenge pending agency review

The Department of Justice asked the judge overseeing one of several challenges to the Department of Labor’s fiduciary rule to stay the proceedings, following President Donald Trump’s...

February 08, 2017 | 03:58 pm
SEC to reconsider CEO pay ratio rule

SEC to reconsider CEO pay ratio rule

Acting SEC Chairman Michael Piwowar has called for reconsidering a controversial rule on CEO pay ratio disclosure.

February 07, 2017 | 12:15 pm
Financial firms ready for fiduciary rule, Sen. Elizabeth Warren says

Financial firms ready for fiduciary rule, Sen. Elizabeth Warren says

BlackRock, Vanguard Group, TIAA-CREF and 18 other financial firms support implementation of the Department of Labor's fiduciary rule, Sen. Elizabeth Warren, D-Mass., said Tuesday in a letter to...

February 07, 2017 | 12:26 pm

Institutional Retirement Income Council selects first executive director

Robert Melia was named the first executive director of the Institutional Retirement Income Council, a non-profit organization that provides information about best practices and...

February 07, 2017 | 03:23 pm
Active managers facing new hurdle

Active managers facing new hurdle

Active equity managers who've seen institutional clients move toward more passive investment in recent years have another potential roadblock to navigate in upcoming European regulations requiring...

February 06, 2017

Trump: Review Dodd-Frank, delay or replace fiduciary rule

President Donald Trump continued his push to trim federal regulations, signing on Feb. 3 an executive order that federal regulators revisit the 2010 Dodd-Frank Wall Street Reform and Consumer...

February 06, 2017
Stress testing a new normal for investors

Stress testing a new normal for investors

Consultants and pension fund executives across the globe are putting more emphasis and focus on stress and scenario testing of portfolios following a year of geopolitical surprises and all-time highs ...

February 06, 2017
Employer groups happy with high court nominee

Employer groups happy with high court nominee

Supreme Court nominee Neil Gorsuch's legal positions are reassuring employer groups that they will have a pro-business ally critical of regulators and investor lawsuits if he is confirmed to replace...

February 06, 2017

Investor protection must be top priority

The transition in leadership at the Securities and Exchange Commission leaves the future course on numerous regulatory issues unclear, particularly as it relates to investor protection.

February 06, 2017
Trump calls for Dodd-Frank review, fiduciary rule delay or replacement

Trump calls for Dodd-Frank review, fiduciary rule delay or replacement

President Donald Trump continued his push to trim federal regulations Friday, signing an executive order that federal regulators revisit the 2010 Dodd-Frank Wall Street Reform and Consumer Protection ...

February 03, 2017 | 01:57 pm
Royal Bank of Scotland to pay $85 million to settle ISDAFIX manipulation charges

Royal Bank of Scotland to pay $85 million to settle ISDAFIX manipulation charges

Royal Bank of Scotland will pay $85 million to settle CFTC charges that it tried to manipulate a benchmark for global interest-rate swaps and related derivatives.

February 03, 2017 | 11:31 am
Pension clash looms as Ukraine opposes IMF on retirement age

Pension clash looms as Ukraine opposes IMF on retirement age

Ukraine signaled a showdown is coming with the International Monetary Fund over a pension revamp that's needed to maintain disbursements from the country's $17.5 billion bailout.

February 03, 2017 | 10:38 am
Don't lower caps on employee retirement savings

Don't lower caps on employee retirement savings

For many Americans, saving in a tax-qualified defined contribution plan such as a 401(k) or 403(b) is the best opportunity to create a financial nest egg for use in retirement.

February 01, 2017 | 05:00 am
Senate Finance Committee approves Steven Mnuchin for Treasury secretary

Senate Finance Committee approves Steven Mnuchin for Treasury secretary

Republican members of the Senate Finance Committee on Wednesday overcame a boycott by their Democrat counterparts to approve the nomination of Steven Mnuchin to serve as U.S. Treasury secretary.

February 01, 2017 | 11:25 am