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Today, the Financial Accounting Standards Board (FASB) issued an Exposure Draft of a proposed Accounting Standards Update (ASU) to improve accounting for financial instruments
Yesterday, Ambac Financial Group (Ambac) announced that its principal subsidiary Ambac Assurance Corporation (AAC), has established "a segregated account for certain of AAC's liabilities, primarily policies related to credit derivatives, residential mortgage-backed securities (RMBS) and other structured finance transactions" pursuant to the direction of the Wisconsin Office of the Commissioner of Insurance (OCI
In a speech this afternoon, President Obama unveiled his Administration’s proposal for reforms across the broad universe of financial regulatory agencies
Yesterday, the Group of Thirty (G30), a private, nonprofit, international body that aims for further understanding of international economic and financial issues, released a report entitled “Financial Reform: A Framework for Financial Stability."
