The regulator is to introduce floating valuations and the option for redemption fees as part of an overhaul of money market fund rules.
bank’s US arm has been criticized for poor governance, inadequate regulatory
reporting technologies, and bad data by regulators.
bank also reported its largest quarterly loss since the financial crisis following
a $2.6 billion settlement with US authorities for tax evasion.
Practices by two hedge funds have been criticised by the Permanent Subcommittee on Investigations for their use of “basket option structures” to crank up leverage and reduce tax bills.
ending “too big to fail,” the 2010 Dodd-Frank Act has further entrenched the
concept into government policy, a GOP report has said.
Interested? The Treasury Department will host a summit for institutional allocators and government officials on September 9.
regulators have claimed dozens of prominent hedge funds and asset managers were
part of an insider-trading scheme involving health care companies.
In the wake of accusations of foreign exchange rate manipulation, the regulatory group has offered up proposals to shore up rate-setting methods.
Trading volume plummeted 37% at Barclays following allegations of “systematic fraud and deceit,” yet order flows largely shifted to other major banks’ dark pools.
The former CEO of the largest US pension has decided to plead guilty on fraud and bribery charges—and reveal everything.