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Judge gives nod to CFTC-MF Global settlement
trueA federal judge approved a settlement between the Commodity Futures Trading Commission and MF Global Inc. in which the futures broker will repay $1.2 billion to customers and other creditors who lost money when MF Global went out of business in October 2011.
Obama names CFTC chairman nominee
trueTimothy Massad, the Treasury Department official responsible for overseeing the U.S. rescue of banks and automakers after the credit crisis, will be nominated to head the Commodity Futures Trading Commission.
Corporate pension execs wary of derisking fallout
trueCorporate executives are bracing for regulatory judgment calls on how they handle derisking through lump-sum payments and annuity purchases, lobbyists say.
No way to target instability
trueThe Office of Financial Research study on “Asset Management and Financial Stability,” released Sept. 30, has generated a firestorm of protest from the money management community. The community is right to be disturbed.
With collateral a prized resource, margin analysis a key capacity
trueIt has been more than three years since the G-20 made mandatory clearing of over-the-counter derivatives a priority. Implementation of clearing mandates has been arduous, but this year has marked a turning point. While the initial focus of derivatives participants will be on basic compliance, the ...
Labor Department's advisory panel drops push for derisking rules
trueThe ERISA Advisory Council recommended that the Labor Department consider ways to deliver guidance on pension derisking through lump sums and annuities.
DC West conference attendees hear of politics, simplicity
truePolitics and public policy permeated P&I's West Coast Defined Contribution Conference.
Report gives money managers pause
trueMoney managers are nervously watching to see whether a Financial Stability Oversight Council report sets the stage for further scrutiny and regulation.
IRS announcement of 401(k) plan maximum contribution for 2014 expected Oct. 30
trueAn Internal Revenue Service announcement on the maximum contribution that can be made to 401(k) plans, which was delayed by the 16-day partial government shutdown, is expected next week.
AlphaMetrix ordered to repay managers on its managed account platform
trueThe National Futures Association ordered AlphaMetrix Group to pay $600,000 of management and incentive fees owed to some of the 90 managed futures funds, commodity trading advisers and hedge funds on its managed account platform by Nov. 1.
Fed ends BNY Mellon cease-and-desist order for misstating collateral
trueThe Federal Reserve on Tuesday terminated a cease-and-desist order issued last year against Bank of New York Mellon for misstating the collateral it pledged to a government lending program in 2008.
Hedge fund firms pay regulatory bill of $3 billion, survey says
trueThe hedge fund industry has spent more than $3 billion to comply with new regulatory requirements, with large hedge fund managers spending an average of $14 million on compliance, according to a survey.
A long history of reaction
trueThe history of U.S. pension legislation over the last four decades is largely one of playing catch-up.
Asset managers, foreign investors and the FCPA
trueWith assets totaling trillions of dollars, non-U.S. asset owners, including foreign pension plans and sovereign wealth funds, are fertile ground for investment managers to increase their assets under management. But they could also create unexpected and unwanted exposure to regulatory scrutiny.
Canadian pension execs praise new cooperative capital markets regulatory system
trueOfficials at provincial public pension funds in Ontario and British Columbia praised the creation of a cooperative capital markets regulatory system announced by the finance ministers of Canada and the two provinces.