On July 10, 2013, the Securities and Exchange Commission (SEC) approved final rules to implement changes mandated by the Jumpstart Our Business
Yesterday, the Internal Market and Services Directorate General of the European Commission (EC) launched another public consultation seeking additional input from "all interested stakeholders" regarding the policy actions the EC intends to take to "address the problems of OTC derivatives markets," as outlined in the EC's October 2009 Consultation document.
Today, the House-Senate Conference Committee (Conference Committee) met for its first day of negotiations on the Restoring American Financial Stability Act of 2010, focusing on the following Titles of the Senate base text.
Today, the European Commission proposed amendments to European Union rules on credit rating agencies (CRA) to "ensure efficient and centralised supervision at the European level, and increase transparency on entities requesting the ratings so that all agencies have access to the same information."
Yesterday, the NYSE published an Information Memorandum to answer frequently asked questions concerning proposed NYSE Rule 80C and NYSE Amex Equities Rule 80C, which would enable the NYSE to "pause trading in an individual security listed on the exchange if the price moves by 10 as compared to prices of that security in the preceding five-minute period during a trading day."
Today, the U.S. Department of the Treasury notified Congress that the projected cost of the Troubled Asset Relief Program (TARP) has decreased by $11.4 billion to $105.4 billion since submission of the President’s FY 2011 Budget.
Yesterday, in the "wake of the crisis" in Greece, the Economic and Financial Affairs (ECOFIN) Council and member states adopted a "comprehensive package of measures to preserve financial stability in Europe."
Today, the European Central Bank (ECB) published its fourth annual Report on Financial Integration in Europe.
Yesterday, Connecticut Attorney General Richard Blumenthal announced separate lawsuits against Moody's and Standard & Poor's, two of the nation's largest credit rating agencies, for "knowingly assigning tainted credit ratings to risky investments backed by sub-prime loans."
Yesterday, the Bank for International Settlements (BIS) published the BIS Quarterly Review to provide an overview of recent developments in financial markets.