Survey on Class Action Fraud
On August 6th, DealBook summarized the findings of the most recent Cornerstone Research/Stanford Law School report on class action securities fraud lawsuits. Survey.
Shared National Credits Review Comparable to Last Year
On August 5th, Reuters reported that the federal banking regulators’ most recent annual Shared National Credit review is comparable to last year’s. The results are an indication that compliance with leveraged loan guidance has not declined, as some had feared. SNC Preview.
Global Regulator Opens Repository on Central Clearing requirements for Derivatives
On August 5th, the International Organization of Securities Commissions opened to the public its information repository on central clearing requirements for OTC derivatives. The repository contains consolidated information on the clearing requirements of different jurisdictions. IOSCO Press Release.
Stock Tick PiLot Program
On August 4th, Institutional Investor speculated on what might be learned from the SEC’s tick size pilot, which widens minimum quoting and trading increments for certain small capitalization stocks. Speculative Ticks.