Washington

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  1. DOL fiduciary rule proposal on track for January

    trueThe Department of Labor will propose a new fiduciary rule in January 2015, said an updated regulatory agenda issued by the Office of Management and Budget.

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  1. EU threat of soft-dollar ban still alive, raising questions for managers

    trueThe possibility of European regulations banning the use of soft dollars for third-party research is alive and well, despite talk in the U.K. and Europe that regulators would settle for something that falls short of a ban.

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  2. Fiduciary concerns, complexities with the SEC's pay-to-play rule

    trueThe Securities and Exchange Commission's recent announcement of its first enforcement action under the “pay-to-play” rule it adopted in 2010 demands the attention of those responsible for governmental retirement plans to understand the regulation and its implications in order to secure the maximum ...

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  3. The risks of multiline firms

    trueThe Department of Labor made the right decision in granting Credit Suisse AG and its related entities a temporary exemption to continue to provide asset management services, at least for the short term, after its banking unit pleaded guilty to assisting U.S. citizens avoid taxes.

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  4. GAO: Room for improvement in FSOC process

    trueThe Financial Stability Oversight Council process for designating systemically important non-bank financial institutions, or SIFIs, could have more accountability and transparency, said a report issued Thursday by the Government Accountability Office.

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  5. Senators call on Treasury to help smaller employers offer retirement plans

    trueThe Treasury Department could promote more retirement programs among small employers by making it easier for them to join multiple-employer plans, several members of the Senate Finance Committee said in a letter to Secretary Jacob Lew.

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  6. Fed minutes show caution over foreign markets

    trueSome members of the Federal Open Market Committee remain concerned about slower-than-expected economic growth in the coming months if foreign economies continue to struggle, said minutes from their late Oct. 28-29 meeting released Wednesday.

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  7. SEC to require backup operational plans for large-volume trading venues

    trueThe SEC on Wednesday approved requiring large-volume equity exchanges, alternative trading systems and dark pools to submit to the agency backup operational plans in case those venues' technological systems break down.

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  8. FSOC process necessary, Dodd says

    trueThe Financial Stability Oversight Council's mission to identify systemically important non-bank financial institutions is necessary, former Sen. Christopher J. Dodd said Tuesday at an event marking the fourth anniversary of the Dodd-Frank Wall Street Reform and Consumer Protection Act.

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  9. Federal retirement benefits likely target for GOP

    trueFederal employees are bracing for more bad news about their retirement benefits as Republicans prepare to control both chambers of Congress.

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  10. Defense Department urged to shift to hybrid retirement plan

    trueThe Department of Defense could save billions of dollars and expand benefits coverage if it adopted a hybrid retirement plan, according to a Rand Corp. study.

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  11. Credit Suisse gets temporary asset manager exemption from DOL

    trueThe Department of Labor is deferring a final decision on Credit Suisse’s bid for permission to continue providing asset management services to retirement plans, after its banking entity pleaded guilty to helping U.S. citizens avoid taxes overseas.

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  12. 18 banks sign ISDA rules to delay swaps termination rights

    trueNew rules that will delay swaps termination rights and collateral demands were signed by 18 major banks, the International Swaps and Derivatives Association announced Wednesday.

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  13. Regulators levy $4.4 billion in fines on banks for forex manipulation

    trueCitibank, HSBC, J.P. Morgan Chase, Royal Bank of Scotland and UBS received a combined $3.4 billion in penalties from U.S., U.K. and Swiss regulators for manipulating foreign exchange benchmark rates to benefit certain traders from 2008 to 2013.

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