A lightning rod for the financial services industry, U.S. Senator Elizabeth Warren (D-Mass.), an outspoken critic of Wall Street, is taking on Mary Jo White again, and has asked the Obama White House to fire the head of the SEC because of Warren’s concerns about public companies disclosing political contributions. In her recent letter to… Read More >>
Hong Kong Clarifies Rules for OTC Derivatives Trading
The Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC) proposals on introducing mandatory clearing and expanding mandatory reporting for the second stage of the over-the-counter (OTC) derivatives regulatory regime is only the next stage of the territory’s staggered approach to implementing new derivatives rules. The actions were expected and sell- and… Read More >>
Will Democrats Rip Apart Banks via a New Glass-Steagall Act?
The race for the presidential nomination among the Democrats is taking shape as front runner Hillary Clinton is facing challenges on the left from U.S. Senator Bernie Sanders from Vermont and former Maryland governor Martin O’Malley, particularly on the issue of ripping apart banks that are deemed “too big to fail.” Sanders and O’Malley, in… Read More >>
