The Financial Stability Board needs to commit more resources to identifying new threats while reviewing existing reforms for refinement, its chair said Sunday. Randal Quarles, who took over as chair of the FSB in November and is the U.S. Federal …
The “fiduciary rule” is officially dead. The Labor Department rule, conceived by the Obama administration, was meant to ensure that advisers put their clients’ financial interests ahead of their own when recommending retirement investments. The rule’s fate was all but …
A longtime political adviser to Hillary Clinton last year urged her presidential campaign to support a new version of a law that separated commercial and investment banking to avoid antagonizing the Democratic Party’s progressive wing, according to emails published by …
The Missouri Department of Insurance announced that two veteran financial regulators have been appointed to new positions for the start of 2014. Leslie Nehring was appointed acting chief financial examiner for the Division of Insurance Company Regulation and John Rehagen …
U.S. lawmakers and state financial regulators on Thursday called on federal officials to revamp proposed rules that would force financial firms to hold much more capital, asking them to consider the impact on small banks and insurance companies. U.S. bank …
U.S. insurance company trade groups have sent a letter to President Obama requesting his assistance with G20 leaders in efforts to de-link insurers from the timelines for identification of globally systemically important financial institutions from the Financial Stability Board’s (FSB) …
Moody’s Corp. and Standard and Poor’s triggered the worst financial crisis in decades when they were forced to downgrade the inflated ratings they slapped on complex mortgage-backed securities, a U.S. congressional report concluded on Wednesday. In one of the most …
A report from A.M. Best Co. provides a timely analysis of the fast approaching implementation of the European Commission’s long-awaited Solvency II insurance regulations, which are now scheduled to come into force as of for January 1, 2013. Best noted …
Republicans will escalate their push to delay and defund the Dodd-Frank Wall Street reforms on Thursday as top regulators appear before the U.S. Senate Banking Committee with a new chairman presiding. Replacing Christopher Dodd, Democrat Tim Johnson will lead his …
