Meet the Market’s New ‘Top Cop’
February 1, 2009 by Django Gold
Obsolete,” “out of touch,” and “behind the times,” are just some of the many terms being uttered by the SEC’s detractors. Into this maelstrom walks Mary Schapiro,
February 1, 2009 by Django Gold
Obsolete,” “out of touch,” and “behind the times,” are just some of the many terms being uttered by the SEC’s detractors. Into this maelstrom walks Mary Schapiro,
Boardroom Journal
February 1, 2009 by Jeffrey M. Cunningham
New realities and finding opportunity in the financial crisis.
February 1, 2009 by Jeffrey M. Cunningham
New realities and finding opportunity in the financial crisis.
The Incentive Problem
February 1, 2009 by Stephen F. O’Byrne
There is an incentive problem behind the financial crisis, but it’s not a top management incentive problem and it won’t be mitigated by additional regulation of pay.
February 1, 2009 by Stephen F. O’Byrne
There is an incentive problem behind the financial crisis, but it’s not a top management incentive problem and it won’t be mitigated by additional regulation of pay.
Reform Act Under Attack?
February 1, 2009 by Richard H. Zelichov
With the stock market in a tailspin in 2008, the courts in which most private securities cases are filed seemingly made it easier for plaintiffs to assert claims of securities fraud by reviving once rejected theories of liability known as “collective scienter” and “core operations.”
February 1, 2009 by Richard H. Zelichov
With the stock market in a tailspin in 2008, the courts in which most private securities cases are filed seemingly made it easier for plaintiffs to assert claims of securities fraud by reviving once rejected theories of liability known as “collective scienter” and “core operations.”
TARP Oversight Panel Skeptical of Bailout
February 1, 2009
The five-member congressional oversight panel responsible for keeping an eye on the implementation of the Troubled Asset Relief Program (TARP) says Treasury has so far not done an adequate job of explaining its overarching plan for financial relief.
February 1, 2009
The five-member congressional oversight panel responsible for keeping an eye on the implementation of the Troubled Asset Relief Program (TARP) says Treasury has so far not done an adequate job of explaining its overarching plan for financial relief.
Barney Frank: The Third Wave
February 1, 2009
Congressman Barney Frank, who chairs the powerful House Financial Services Committee, delivered the keynote speech at the 9th annual Directorship Boardroom and Economic Leaders Forum in New York in December. With two parts high-powered insight and one part biting wit, the Congressman examined the events that led up to the financial crisis, the outlook for increased regulation, and, from his view, what role corporate directors will play going forward.
February 1, 2009
Congressman Barney Frank, who chairs the powerful House Financial Services Committee, delivered the keynote speech at the 9th annual Directorship Boardroom and Economic Leaders Forum in New York in December. With two parts high-powered insight and one part biting wit, the Congressman examined the events that led up to the financial crisis, the outlook for increased regulation, and, from his view, what role corporate directors will play going forward.
Senators Seek Hedge Fund Regs
January 30, 2009 by Joseph McCafferty
Hedge funds have gotten too big to leave to their managers’ own devices say two U.S. Senators who have sponsored a bill that will require all hedge funds to file annual disclosure with the Securities and Exchange Commission.
January 30, 2009 by Joseph McCafferty
Hedge funds have gotten too big to leave to their managers’ own devices say two U.S. Senators who have sponsored a bill that will require all hedge funds to file annual disclosure with the Securities and Exchange Commission.
Schapiro Sworn in as SEC Chairman
January 29, 2009 by Joseph McCafferty
New Securities and Exchange Commission chairman Mary Schapiro was yesterday officially sworn into the hot seat. Her mission? To bring the SEC back to relevance in a financial landscape recently dominated by the Treasury and Federal Reserve Bank.
January 29, 2009 by Joseph McCafferty
New Securities and Exchange Commission chairman Mary Schapiro was yesterday officially sworn into the hot seat. Her mission? To bring the SEC back to relevance in a financial landscape recently dominated by the Treasury and Federal Reserve Bank.
Fed Directing Bailout Towards Foreclosures
January 28, 2009 by Joseph McCafferty
In a shift away from its focus on the banking behemoths that have been proven so crucial to the American economy, the Federal Reserve has turned its attentions towards the home foreclosures that were a prime motivator of the credit crisis.
January 28, 2009 by Joseph McCafferty
In a shift away from its focus on the banking behemoths that have been proven so crucial to the American economy, the Federal Reserve has turned its attentions towards the home foreclosures that were a prime motivator of the credit crisis.
Citi Jet Purchase ‘Does Not Fly’
January 28, 2009 by Joseph McCafferty
Citigroup will not receive a new $50 million corporate jet after lawmakers swooped in to stop the bailout-sustained bank from making the purchase.
January 28, 2009 by Joseph McCafferty
Citigroup will not receive a new $50 million corporate jet after lawmakers swooped in to stop the bailout-sustained bank from making the purchase.
Dudley Takes Top Job at New York Fed
January 27, 2009 by Joseph McCafferty
While Timothy Geithner was sworn in as Secretary of the United States Treasury yesterday, the gatekeepers at the his old job debated on his replacement at the New York Federal Reserve Bank.
January 27, 2009 by Joseph McCafferty
While Timothy Geithner was sworn in as Secretary of the United States Treasury yesterday, the gatekeepers at the his old job debated on his replacement at the New York Federal Reserve Bank.
NY Financier Arrested for $400M Ponzi Scam
January 27, 2009 by Joseph McCafferty
Authorities on Monday arrested the CEO of a private New York financing firm on suspicion of running a purported Ponzi scheme that attracted $400 million in investments.
January 27, 2009 by Joseph McCafferty
Authorities on Monday arrested the CEO of a private New York financing firm on suspicion of running a purported Ponzi scheme that attracted $400 million in investments.
The Outlook: Fixing the Banks
January 22, 2009 by Peter Morici
Banks continue to suffer huge losses, but no one can calibrate how high bank losses will go, because no one knows how far housing prices will drop and how many loans will ultimately fail. Now Barack Obama must act pragmatically to fix the banks or the economy will sink under their weight.
January 22, 2009 by Peter Morici
Banks continue to suffer huge losses, but no one can calibrate how high bank losses will go, because no one knows how far housing prices will drop and how many loans will ultimately fail. Now Barack Obama must act pragmatically to fix the banks or the economy will sink under their weight.
Geithner Wants TARP Reform
January 21, 2009 by Joseph McCafferty
Though still waiting for his confirmation, Treasury Secretary-nomineee Timothy Geithner is already looking to make some changes, starting with a revamp of the Troubled Assets Relief Program.
January 21, 2009 by Joseph McCafferty
Though still waiting for his confirmation, Treasury Secretary-nomineee Timothy Geithner is already looking to make some changes, starting with a revamp of the Troubled Assets Relief Program.
Cox Quietly Resigns at SEC
January 21, 2009 by Joseph McCafferty
While the fanfare and media attention was justifiably centered around the presidential inauguration yesterday, Chris Cox took the opportunity to quietly submit his resignation as chairman of the Securities and Exchange Commission.
January 21, 2009 by Joseph McCafferty
While the fanfare and media attention was justifiably centered around the presidential inauguration yesterday, Chris Cox took the opportunity to quietly submit his resignation as chairman of the Securities and Exchange Commission.
Going Dark: Giving up on Disclosure
January 21, 2009 by Joseph McCafferty
A new study examines the disclosure practices of firms that have gone dark and explore their implications for the longstanding debate in securities regulation over whether mandatory disclosure is needed.
January 21, 2009 by Joseph McCafferty
A new study examines the disclosure practices of firms that have gone dark and explore their implications for the longstanding debate in securities regulation over whether mandatory disclosure is needed.
Fiat Takes Chrysler Stake
January 20, 2009 by Joseph McCafferty
Italy’s Fiat took an initial 35 percent stake in Chrysler, launching a venture designed to secure both carmakers’ futures.
January 20, 2009 by Joseph McCafferty
Italy’s Fiat took an initial 35 percent stake in Chrysler, launching a venture designed to secure both carmakers’ futures.
Schapiro Chided for Missing Madoff Scam
January 16, 2009 by Joseph McCafferty
Mary Schapiro’s confirmation hearing yesterday had her providing details about her immediate agenda in addition to fending off criticism from the peanut gallery.
January 16, 2009 by Joseph McCafferty
Mary Schapiro’s confirmation hearing yesterday had her providing details about her immediate agenda in addition to fending off criticism from the peanut gallery.
Geithner Flubs Personal Income Tax
January 15, 2009 by Joseph McCafferty
In a stunted start to his tenure as Treasury secretary, departing Federal Reserve Bank of New York president Tim Geithner made public Tuesday that he had neglected to pay over $34,000 in Social Security and Medicare taxes when serving as a director for the International Monetary Fund.
January 15, 2009 by Joseph McCafferty
In a stunted start to his tenure as Treasury secretary, departing Federal Reserve Bank of New York president Tim Geithner made public Tuesday that he had neglected to pay over $34,000 in Social Security and Medicare taxes when serving as a director for the International Monetary Fund.
Schapiro to Face Senate Hearing Tomorrow
January 14, 2009 by Joseph McCafferty
Mary Schapiro’s nomination to lead the U.S. Securities and Exchange Commission comes amid one of the most chaotic and tumultuous periods in its 75-year history.
January 14, 2009 by Joseph McCafferty
Mary Schapiro’s nomination to lead the U.S. Securities and Exchange Commission comes amid one of the most chaotic and tumultuous periods in its 75-year history.