Pension funds such as CalSTRS and others in the industry say that moves by US regulators to soften Dodd-Frank Act rules designed to protect less-sophisticated customers in swap trades is a signal that legislation is moving in the right direction.
After filing a suit against JP Morgan, Stichting Pensioenfonds ABP (ABP) has sued Credit Suisse as many of the scheme's once triple-A rated securities now carry junk grades.
Documents obtained by the Wall Street Journal show consternation within the bank as multiple states began to investigate foreign exchange transaction pricing.
The world's largest custody bank has asked a court to dismiss New York’s currency-trading suit.
Congressman Tim Griffin (R-Ark.) has introduced legislation calling for the end of pension funds for members of Congress.
Thomas DiNapoli, the New York state comptroller and sole trustee of the $147 billion New York State Common Retirement Fund, has suggested creating a national commission “to talk about ways to maintain existing defined benefit plans.”
New Hampshire is looking at switching from a defined benefit retirement system to a defined contribution one, but a new study shows it might be a costly move.
JPMorgan Chase & Co has been sued by a Netherlands-based pension fund over residential mortgage-backed securities it purchased.
A proposal by the Governmental Accounting Standards Board (GASB) seeks “to better enable taxpayers, bondholders, and other interested parties to assess the government's financial condition."
Massachusetts Pension Reserves Investment Management board has hired Russell Implementation Services to manage portions of the foreign-exchange transactions.
The CFTC has finalized a final rule that implements restrictions on the use of client-money.
According to John Hutton, who was a pensions minister in Tony Blair’s Labour government, the UK's public-sector pension system need reform.
A federal judge has ruled that credit ratings are not always protected opinion under the First Amendment.
The Pension Benefit Guaranty Corporation used improper outside vendors to calculate benefits, according to an audit.