Treasury department

Former U.S. Treasury Secretary Jacob Lew joins private equity firm Lindsay Goldberg

Alternatives -

Alternatives -

Former U.S. Treasury Secretary Jacob J. Lew joined private equity firm Lindsay Goldberg as partner.
SIFI designation wrong approach, report on FSOC says

REGULATION -

REGULATION -

The FSOC can improve the process for monitoring risk to the financial system by looking at specific activities or industrywide practices.
Embedded annuities return to the table

DEFINED CONTRIBUTION -

DEFINED CONTRIBUTION -

A Treasury report is recommending more protection for sponsors regarding in-plan annuities.
OFR uses new tools to monitor stability of financial system

REGULATION -

REGULATION -

A heat map and daily market snapshots to help monitor financial stresses are now available from the Office of Financial Research.
Asset managers' systemic risk should be regulated differently than banks — Treasury report

Regulation -

Regulation -

The asset management industry should be regulated differently than banks when it comes to assessing systemic financial risk.
Treasury Department calls for capital market reforms

REGULATION -

REGULATION -

Treasury calls for "significant reforms" to capital market rules to promote economic growth while still protecting investors.
Kroger to begin Central States withdrawal

Pension Funds -

Pension Funds -

Kroger Co. will withdraw active participants from the $15.3 billion Teamsters Central States, Southeast & Southwest Areas Pension Fund.
Opponents of shifting to Roth plans speak up in Senate

WASHINGTON -

WASHINGTON -

Sen. Sherrod Brown promised "one hell of a fight" if tax reform negotiators consider shifting retirement savings tax incentives to Roth accounts.

LETTER TO EDITOR -

LETTER TO EDITOR -

P&I's article "Tax reform efforts put retirement plans at risk" omitted a critical public policy issue that will significantly impact the tax reform debate.
Mnuchin hints at keeping carried interest tax break for some, eliminating for hedge funds

ALTERNATIVES -

ALTERNATIVES -

U.S. Treasury Secretary Steven Mnuchin said President Donald Trump might keep the carried interest tax break for firms that create jobs.