Regulation

White House nominates Obama pick for CFTC commissioner

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Brian D. Quintenz was nominated for the Commodity Futures Trading Commission.
U.K.'s Labour Party wants financial transaction tax on bonds and derivatives

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Britain's Labour Party pledged to more than double what the government raises from taxes on financial transactions by extending stamp duty to cover derivatives and bonds, and removing an exemption...
Regulations pushing managers to boost cash

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While cash and other short-dated assets are being dialed up in multiasset credit portfolios as a defensive play, other money managers are being forced to increase holdings because of regulatory...
10 years after Madoff fraud exposed, problems and risks remain

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The debut of HBO's Bernie Madoff biopic is a good opportunity to reflect on the efforts made in near decade since he confessed his fraud to improve disclosure and transparency.
U.K. watchdog uses algorithms to track funds' governance

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The U.K. Pensions Regulator teams up with the Government Digital Service to help it foster good governance by retirement plans.
Looming tax reform spurs hefty corporate pension contributions

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U.S. corporations are accelerating their schedules of pension plan contributions as they face increasing PBGC variable premiums and imminent corporate tax reform.
Franciscan Missionaries of Our Lady Health System settles church-plan lawsuit

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Franciscan Missionaries of Our Lady Health System reaches a settlement in a class-action lawsuit challenging its status as a church plan exempt from ERISA and minimum funding requirements.
Barclays to refund advisory client overcharges in $97.1 million SEC settlement

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Barclays will pay $97.1 million to settle charges that its investment banking unit overcharged advisory clients by nearly $50 million and made numerous accounting errors.
What's up in Washington a key topic at PSCA conference

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Attendees at the Plan Sponsor Council of America's annual meeting learn how Congress, agencies and courts may act and how to anticipate changes.
Endowments should rethink the 5% rule

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Many endowments find adhering to a government rule that demands how much of a portfolio must be spent annually to maintain tax-exempt status no longer makes sense.
European funds could get more time to comply with new clearing rules for derivatives

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European pension funds could save up to €1.6 billion if granted a proposed three-year exemption from compliance with new central clearing rules for derivative trades.
U.S. agrees to delay MetLife SIFI designation appeal

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The U.S. agrees to a 60-day delay before a court addresses its appeal of a decision that reverses MetLife's designation as a systemically important financial institution.
House Financial Services Committee approves Dodd-Frank replacement bill

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A replacement for much of the Dodd-Frank Wall Street Reform and Consumer Protection Act was passed by the House Financial Services Committee on Thursday.

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Tim Robson was named head of alternatives at the Pension Protection Fund.
CFTC seeks comment for simplifying rules

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The Commodity Futures Trading Commission on Wednesday voted to seek public comment on simplifying and modernizing the commission's overall rules.