Regulation

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  1. Deutsche Bank to pay $2.5 billion settlement for LIBOR manipulation

    trueDeutsche Bank will pay more than $2.5 billion to settle charges by U.S., U.K. and New York state authorities that it manipulated the London interbank offered rate for the U.S. dollar, yen, pound and Swiss franc, and the euro interbank offered rate interest rate benchmarks.

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  1. DOL's proposed fiduciary rule on advice gets a thumbs-up

    trueDefined contribution industry executives are optimistic that after nearly four years of work and intense debate, the Department of Labor's proposal for updating a 40-year fiduciary standard for anyone giving retirement investment advice will finally bring greater protection for their participants ...

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  2. GE holds talks with sovereign wealth funds for sale of finance assets

    trueGeneral Electric Co. has held talks with “a broad geographic spectrum” of sovereign wealth funds as part of the effort to sell the bulk of its financial business, said Jeff Bornstein, senior vice president and chief financial officer.

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  3. DOL grants BNP Paribas money management exemption

    trueBNP Paribas can continue providing money management services to U.S. retirement plans, despite the parent company's June 2014 guilty plea to violating U.S. sanctions in several countries.

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  4. Treasury Department, IRS release guidance to correct auto-enrollment errors

    trueThe Treasury Department and the IRS on Thursday announced new guidance to defined contribution plans offering auto-enrollment features that will make it easier for the plans “to easily correct administrative errors without risking the plan’s tax qualification and without having to obtain IRS ...

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  5. Schapiro: Multitude of trading venues a regulatory challenge for SEC

    trueThe equity market structure with more than 70 venues for trading and 35% of trades done in dark pools represents a major regulatory challenge for the Securities and Exchange Commission, Mary Schapiro, former SEC chairwoman, said Tuesday before attendees at a conference of the Council of ...

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  6. SEC pay-to-play critics get their day in court

    trueRepublican state committees in New York and Tennessee asked a federal appeals court in Washington on Monday to overturn the Securities and Exchange Commission’s pay-to-play rule.

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  7. Litigation heavy on minds of defined contribution execs

    trueDefined contribution plan executives are as concerned about litigation as they are about failing to meet their participants' retirement goals, investment consultants revealed in a survey by Pacific Investment Management Co. LLC, Newport Beach, Calif.

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  8. SIFI designation could increase innovation, too

    trueWhile the categorization of certain large, global money managers and some investment funds as systemically important financial institutions might increase costs, it also could increase innovation in the industry.

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  9. Broader SIFI designation has managers scrambling

    trueA number of large, global money managers are at risk of increased costs and competitive disadvantage if current proposals by global regulators to categorize them as systemically important financial institutions come to fruition.

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  10. ICE Futures U.S. pays $3 million in CFTC settlement

    trueICE Futures U.S. reached a $3 million settlement with the CFTC over charges that the global futures and options exchange submitted false and incomplete reports and data to the agency for at least 20 months.

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  11. Obama puts weight behind push for fiduciary standard

    trueWith President Barack Obama now leading the charge, a multiyear battle to update a fiduciary standard for anyone giving retirement investment advice has defined contribution plan executives and service providers bracing for big changes.

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  12. http://www.pionline.com/article/20150304/ONLINE/150309941/-1/ramp//

    trueLitigation, regulation, legislation and some consternation emerged as dominant themes at the annual Pensions & Investments' East Coast Defined Contribution Conference, held March 1-3 in Miami.

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  13. Obama pushes for new fiduciary standard

    truePresident Barack Obama called for a new fiduciary standard proposal from the Department of Labor to protect middle-class retirement savers that he said are being hurt by some advisers' conflicts of interest.

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