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PBGC reaches settlement with Saint-Gobain to prevent pension plan takeover
trueThe PBGC has reached a settlement that will allow Saint-Gobain Containers Inc. to continue as the sponsor of its pension plan following threats by the agency to take possession of the plan.
Tightening up trading costs
trueInstitutional investors must keep careful watch on trading costs, and take steps to minimize them, as recent research shows they rival investment management fees in their impact on portfolios.
FATCA's good, bad, ugly choices
trueJuly 1 this year marks the dawn of the FATCA new world order. Giving the U.S. Internal Revenue Service unprecedented extraterritorial powers to gather information on foreign financial institutions and their underlying account holders, the Foreign Account Tax Compliance Act represents the U.S. ...
Better oversight of HFT
trueMichael Lewis shocked the investing public with his charge that the stock market is rigged. He will have done investors a great service if he has also shocked the Securities and Exchange Commission into re-examining high-frequency trading and taking steps to halt it.
PIMCO emerging markets co-head nominated for Treasury post
trueRamin Toloui was nominated by President Barack Obama on Thursdayto serve as the Treasury Department's deputy undersecretary for international finance, according to a White House statement.
House passes Ryan budget with higher federal pension contributions
trueThe House of Representatives approved a fiscal 2015 federal budget Thursday that reduces corporate and personal tax rates and raises federal employees' pension contributions.
SIFMA study responds to stability oversight council
trueAs the U.S. Financial Stability Oversight Council and the Financial Stability Board in Basel consider ways to monitor risk among large money managers, the industry is trying to fill in some of the information gaps.
Fed members view 2015 as appropriate time to raise rates
trueMembers of the Federal Open Market Committee consider further tapering of their bond-buying program “likely,” according to minutes of the March meeting released Wednesday.
Report: Dodd-Frank puts stress on efficient collateral use
trueMoney managers and banks must be more efficient in using collateral for swaps, as new clearing regulations will require far more assets to be placed with central counterparties — to the tune of a combined $2 trillion, according to a report from TABB Group.
SEC internal review finds bogus fees paid to private equity firms
trueA majority of private equity firms inflate fees and expenses charged to companies in which they hold stakes, according to an internal review by the Securities and Exchange Commission, raising the prospect of a wave of sanctions by the agency.
SEC adds private fund team to examination division
trueThe SEC is adding private fund expertise to its examination team.
Preqin: Hedge fund and private equity managers not in rush to market funds
truePrivate equity and hedge fund managers have yet to take advantage of the loosening of marketing restrictions in the JOBS Act signed by President Barack Obama in April 2012, according to a survey by Preqin.
SEC commissioners decry systemic designation for asset managers
trueTwo Securities and Exchange Commission members this week backed the fund industry's stance that asset management companies shouldn't be deemed too big to fail, and they also complained that they are being shut out of deliberations by federal regulators that could lead to tougher regulation on the ...
MF Global gets go-ahead to finish restitution to clients
trueMF Global has been given clearance to make final distributions to customers who lost money after the firm filed for bankruptcy in October 2011, according to a news release from the Commodity Futures Trading Commission.
Treasury and IRS offer rollover relief
trueThe Treasury Department and Internal Revenue Service issued guidance Thursday that removes a cumbersome step sponsors of retirement plans must take when accepting rollovers from other employers' plans. The change applies to any qualified plan, including defined benefit, defined contribution, ...