Washington

FSOC to scrutinize leverage in hedge funds

The Financial Stability Oversight Council will take a closer look at hedge funds’ use of leverage as it reviews potential risks to U.S. financial stability, according to an updated statement...

April 19, 2016 | 03:54 pm
CIEBA executive director resigning

CIEBA executive director resigning

Deborah Forbes announced her resignation as executive director of the Committee on Investment of Employee Benefit Assets on Monday.

April 18, 2016 | 02:55 pm
DC industry generally gives fiduciary rule a thumbs-up

DC industry generally gives fiduciary rule a thumbs-up

Nearly six years after the Obama administration introduced an expansion of who is considered an ERISA fiduciary, the final rule released this month was largely well-received in the defined...

April 18, 2016

Sequoia fund gives departing shareholders stock instead of cash

The snakebit Sequoia Fund is warning investors that large redemptions may be paid in securities, rather than cash.

April 15, 2016 | 10:44 am

SEC sues former ConvergEx head of transition management

Khaled Bassily, former head of transition management at ConvergEx Execution Solutions, was charged by the SEC with concealing from customers that they were paying higher execution costs than were...

April 15, 2016 | 12:42 pm

Post-DOL fiduciary rule, Wall Street gives the nod to low-cost fund companies

As mutual fund companies continue to ponder the effects of the Department of Labor's fiduciary rule, Wall Street is weighing in as well. The early results aren't favoring broker-sold fund companies.

April 12, 2016 | 04:16 pm

Co-chair of SEC enforcement division’s asset management unit leaving this month

Marshall S. Sprung, co-chief of the SEC enforcement division’s asset management unit, will leave later this month, the Securities and Exchange Commission announced Monday.

April 11, 2016 | 03:49 pm
Dudley calls for 'cautious and gradual' Fed tightening

Dudley calls for 'cautious and gradual' Fed tightening

Uncertainty over the outlook for the U.S. economy is higher than usual, which calls for a “cautious and gradual approach” to interest-rate increases, Federal Reserve Bank of New York...

April 08, 2016 | 10:22 am
MetLife ruling questions SIFI process

MetLife ruling questions SIFI process

MetLife Inc.'s designation by the Financial Stability Oversight Council as a non-bank systemically important financial institution was overturned for two reasons that could impact other designations, ...

April 07, 2016 | 04:23 pm
Fed debated April hike as several officials urged caution, minutes show

Fed debated April hike as several officials urged caution, minutes show

Federal Reserve policymakers last month debated an April interest rate hike, with several officials leaning against such a move because it would send the wrong signal and others saying it might be...

April 06, 2016 | 03:59 pm
Moody's: U.S. pension liabilities moderate in relation to Social Security, Medicare

Moody's: U.S. pension liabilities moderate in relation to Social Security, Medicare

U.S. federal, state and local pension funds combined face an estimated $7 trillion funding gap, said a new report from Moody's Investors Service.

April 06, 2016 | 03:44 pm
Organizations largely applaud new DOL fiduciary rule

Organizations largely applaud new DOL fiduciary rule

Advocacy groups are mostly in favor of the new fiduciary standard released Wednesday by the Department of Labor.

April 06, 2016 | 03:36 pm
Final fiduciary rule exempts plan sponsor education

Final fiduciary rule exempts plan sponsor education

A new fiduciary standard to be released Wednesday by the Department of Labor broadens the definition of fiduciary advice for anyone giving investment advice but allows plan sponsors and their...

April 06, 2016 | 06:00 am
Fed's Evans sees more uncertainty amid voting in the U.S., U.K.

Fed's Evans sees more uncertainty amid voting in the U.S., U.K.

Federal Reserve Bank of Chicago President Charles Evans said the U.K.’s “Brexit” vote and the U.S. presidential elections are fueling uncertainty, complicating decisions for policy...

April 05, 2016 | 10:12 am
Washington holds key for Puerto Rico bondholders

Washington holds key for Puerto Rico bondholders

As Puerto Rico faces upcoming deadlines for paying bondholders and other creditors, all eyes are turning to Washington with hopes that the White House, Congress or even the Supreme Court can work out ...

April 04, 2016