January 15, 2020
The long-awaited U.S.-China trade deal touted wins for U.S. companies looking to access China’s $40 trillion financial sector, but many of the changes were already in the works, with Beijing having stepped up the pace of liberalization last year. Under …
November 15, 2018
Six U.S. senators on Wednesday introduced a bill that would require the U.S. securities watchdog to directly regulate firms such as Glass, Lewis & Co and Institutional Shareholder Services, which advise investors on how to vote in corporate elections. The …
October 26, 2018
A body of U.S. state banking regulators on Thursday sued the federal government to void its decision to award national bank charters to online lenders and payment companies, saying it was unconstitutional and puts consumers and taxpayers at risk. The …
October 1, 2018
A high-profile settlement with Tesla Inc. Chief Executive Elon Musk exemplifies a recent push by the U.S. Securities and Exchange Commission to go after executives and not just their companies, securities law experts said. In the last week, the SEC …
September 27, 2018
A federal judge said on Wednesday that virtual currencies meet the definition of a commodity and fall within the jurisdiction of the U.S. derivatives regulator, allowing the agency to pursue fraud allegations against My Big Coin Pay Inc. The closely …
May 23, 2018
Congress on Tuesday rolled back some of the restraints imposed on banks after the 2007-2009 global financial crisis, but big players like Goldman Sachs, Morgan Stanley and JPMorgan Chase, will not be breaking out the champagne. While Wall Street banks …
February 7, 2018
U.S. regulators may ask Congress to pass legislation to improve oversight of virtual currencies like bitcoin amid concerns about the risks posed by the emerging asset class, the head of the Securities and Exchange Commission said on Tuesday. The comments …
November 14, 2017
Global financial regulators have decided to ditch a “too big to fail” gauge for assessing the riskiness of insurers, according to a source briefed on the matter, in a big win for companies such as American International Group and Prudential …
November 8, 2017
U.S. regulations that bar companies such as Wal-Mart Stores Inc. from providing banking services need to be reviewed as they reduce competition thereby concentrating more risk among a smaller number of banks, a U.S. banking regulator said on Wednesday. At …
December 22, 2016
China’s insurance regulator is making it much tougher for insurers to get new licenses as it seeks to reduce risks resulting from the aggressive business and investment practices of some players, said three people with knowledge of the matter. Concerns …