Regulation

For general partners, tax season didn't end in April

For general partners, tax season didn't end in April

You would be forgiven for thinking that with the intergovernmental agreements associated with FATCA signed and the reporting underway, the private equity industry could move on. Unfortunately, life...

June 23, 2016 | 04:00 pm
Fiduciary rule survives House override vote

Fiduciary rule survives House override vote

A vote in the U.S. House of Representatives late Wednesday to block the Department of Labor’s new fiduciary rule fell short.

June 23, 2016 | 01:38 pm

FSB proposes changes to address structural vulnerabilities in money management

The Financial Stability Board has published proposals to address structural vulnerabilities in money management activities, setting out 14 policy recommendations.

June 22, 2016 | 11:48 am
Senators propose legislation to help participants find abandoned retirement accounts

Senators propose legislation to help participants find abandoned retirement accounts

Bipartisan legislation to help find lost or forgotten retirement savings accounts was introduced Tuesday by Sens. Elizabeth Warren, D-Mass., and Steve Daines, R-Mont. The proposed Retirement Savings...

June 21, 2016 | 03:52 pm
Empower president calls for united front in Washington

Empower president calls for united front in Washington

Edmund F. Murphy III, president of Empower Retirement, said Monday that regulators are exerting more influence than ever and firms must work together to ensure they can shape the policies coming out...

June 20, 2016 | 04:02 pm
FSOC fights to reinstate MetLife SIFI designation

FSOC fights to reinstate MetLife SIFI designation

The Financial Stability Oversight Council is appealing a recent U.S. District Court decision overturning its designation of MetLife as a non-bank systemically important financial institution, arguing ...

June 17, 2016 | 03:22 pm
CME Group becomes first U.S. derivatives venue to receive EU central counterparty status

CME Group becomes first U.S. derivatives venue to receive EU central counterparty status

CME Group was approved by the European Securities and Markets Authority as a recognized central counterparty, the first U.S. derivatives venue to receive that status.

June 16, 2016 | 12:19 pm

CII sends letters opposing proxy-voting, SEC assessment legislation

The Council of Institutional Investors sent letters to congressional leaders opposing separate legislation that would tighten regulation of proxy-voting advisory firms and require the Securities and...

June 14, 2016 | 04:31 pm
GFOR: Blackstone president discusses guaranteed retirement accounts

GFOR: Blackstone president discusses guaranteed retirement accounts

Blackstone Group's Hamilton “Tony” James made the case for a guaranteed retirement account to address the current retirement savings crisis.

June 13, 2016 | 06:21 pm
GFOR: Harkin calls for next administration to tackle 'underreported' retirement crisis

GFOR: Harkin calls for next administration to tackle 'underreported' retirement crisis

Thomas R. Harkin, retired U.S. senator and senior adviser at Harkin Institute for Public Policy and Citizen Engagement, said the next president and Congress would be remiss if they did not address...

June 13, 2016 | 10:29 am

FINRA picks new CEO

Robert W. Cook was named president and CEO of the Financial Industry Regulatory Authority, effective sometime in the second half of 2016.

June 13, 2016 | 12:11 pm
Good governance crucial to bringing investment management in-house

Good governance crucial to bringing investment management in-house

Rock-solid support from pension fund boards of trustees, investment committees or whatever entity holds fiduciary responsibility is absolutely essential for internal investment management.

June 13, 2016
Defined benefit plans under watch in U.K.

Defined benefit plans under watch in U.K.

The U.K. pension fund industry is coming under increased scrutiny by politicians and regulators with two recent cases of employers struggling to reconcile corporate considerations with defined...

June 13, 2016
Greater transparency by sponsors worth more than fiduciary rules

Greater transparency by sponsors worth more than fiduciary rules

It was in 2010 that the Department of Labor first proposed regulation to amend its 1975 five-part test for identifying who is a fiduciary to qualified retirement plans, participants and beneficiaries.

June 13, 2016
Obama vetoes resolution against DOL fiduciary rule; court sets date for lawsuit

Obama vetoes resolution against DOL fiduciary rule; court sets date for lawsuit

President Barack Obama vetoed Wednesday afternoon a resolution to kill the Department of Labor fiduciary rule, which was approved by the House in April and the Senate in May.

June 08, 2016 | 03:48 pm