Regulation

Fiduciary rule friends and foes weigh in on proposed delay

Fiduciary rule friends and foes weigh in on proposed delay

The Department of Labor’s proposed 60-day delay of the fiduciary rule’s implementation garnered 565 comments from people pushing for and against the delay.

March 17, 2017 | 02:51 pm
Potential impact of President Trump on midmarket direct lending activity

Potential impact of President Trump on midmarket direct lending activity

President Donald Trump has promised to reduce regulation and weaken the U.S. dollar, leaving some to question what the impact will be on direct lending in the U.S.

March 16, 2017 | 12:01 am
Donald Trump to nominate CFTC chairman, deputy treasury secretary

Donald Trump to nominate CFTC chairman, deputy treasury secretary

President Donald Trump will nominate J. Christopher Giancarlo as chairman of the Commodity Futures Trading Commission and James Donovan as deputy treasury secretary.

March 15, 2017 | 12:49 pm
Fiduciary rule critics seek emergency injunction

Fiduciary rule critics seek emergency injunction

Financial industry groups and the U.S. Chamber of Commerce filed for an emergency injunction to delay the Department of Labor's fiduciary rule.

March 14, 2017 | 03:57 pm
Money managers plan cuts to research budget in advance of MiFID II rules — survey

Money managers plan cuts to research budget in advance of MiFID II rules — survey

U.S. money managers surveyed by Greenwich Associates expect to cut a combined $200 million from their research budgets in the next 12 months as a result of the European Union’s MiFID II...

March 14, 2017 | 01:00 pm

USC professor, former housing assistant secretary chosen to lead Atlanta Fed

The Federal Reserve Bank of Atlanta says its next president will be Raphael Bostic, a professor at the University of Southern California who will become the first black person to lead a regional Fed...

March 13, 2017 | 02:02 pm
World's best-funded pension market shows dark side of new rules

World's best-funded pension market shows dark side of new rules

No country on the planet has a better-funded pension system than Denmark. So when its life insurance industry encounters some hurdles, it's worth paying attention.

March 13, 2017 | 11:49 am
Valuing fund interests of increasing concern?

Valuing fund interests of increasing concern?

The definition of fair value remains unchanged, but robust fair value measurement remains an evolving global topic. The trend is toward higher quality, greater consistency and better transparency.

March 13, 2017 | 06:00 am
Temporary enforcement policy issued for DOL fiduciary rule

Temporary enforcement policy issued for DOL fiduciary rule

The Department of Labor on Friday issued a temporary enforcement policy for the fiduciary rule, originally scheduled to take effect April 10, to address concerns about a possible delay.

March 10, 2017 | 05:28 pm
SEC, DOL nominees disclose holdings

SEC, DOL nominees disclose holdings

Jay Clayton, the nominee for SEC chairman, pledged to recuse himself from matters involving clients of his law firm and divest his investments within 90 days of confirmation. Alexander Acosta,...

March 09, 2017 | 03:53 pm
U.K. financial authority has its eye on manager cost transparency efforts

U.K. financial authority has its eye on manager cost transparency efforts

The U.K.'s financial regulator is prepared to intervene in the money management industry should industry-led attempts to deliver greater cost transparency not measure up.

March 09, 2017 | 02:51 pm
SEC gives green light to Bats’ proposed changes for ETF rules

SEC gives green light to Bats’ proposed changes for ETF rules

The SEC on Tuesday approved ETF rule changes proposed by Bats’ BZX Exchange to create additional listing standards and procedures for delisting of non-compliant companies.

March 08, 2017 | 04:13 pm
PLSA lays out 4 models for merging U.K. pension funds into superfunds

PLSA lays out 4 models for merging U.K. pension funds into superfunds

The government should make it easier for U.K. defined benefit funds to merge into a new type of superfund, or to consolidate some or all services.

March 07, 2017 | 02:03 pm
Resolutions introduced in Senate to undo 'Secure Choice' rules

Resolutions introduced in Senate to undo 'Secure Choice' rules

Senate Finance Committee Chairman Orrin Hatch, R-Utah, introduced resolutions Monday that would block Department of Labor safe-harbor rules for states' private-sector retirement savings programs. The ...

March 06, 2017 | 05:15 pm
Prospects of fiduciary rule taking root slowly fading

Prospects of fiduciary rule taking root slowly fading

The Department of Labor's landmark fiduciary rule is being delayed until early June, with the prospect of indefinite limbo increasingly likely.

March 06, 2017