BRIEF-Monroe capital expands credit facility to OSG billing services
* Co announced an increase in credit facility to OSG billing services to support acquisition of WhatCounts Source text for Eikon: Further company coverage:
April 17 The U.S. Treasury Department is forming a new unit to monitor the municipal bond market, the Wall Street Journal reported, citing a Treasury official.
By boosting the department's monitoring of municipal finance, the Treasury hopes to better understand the ramifications of municipal-market stresses, the newspaper quoted the official as saying.
The unit, which will be headed by a veteran public-finance banker at JP Morgan Chase, will also track state and local pensions as well as the financing of bridges, roads and other infrastructure projects, the Journal said.
The unit will focus on troubled borrowers and will not have the authority to write and enforce rules for the market. (r.reuters.com/qyz58v)
Efforts to boost oversight of the municipal bond market have taken on new urgency after Detroit's bankruptcy and the financial problems in regions such as Puerto Rico, which has about $70 billion of outstanding debt.
Last month securities-sector regulator FINRA said it was examining secondary trades in Puerto Rico's blockbuster $3.5 billion bond deal for possible violations of rules.
A U.S. Treasury spokeswoman did not immediately respond to an email from Reuters seeking comment. (Reporting by Supriya Kurane in Bangalore; Editing by Gopakumar Warrier)
* CEO Ermotti says saw low transaction volumes in Q3 (Recasts with CEO comments on negative rates, adds shares)
RIYADH, Sept 29 Saudi Arabia's central bank has asked local banks to reschedule consumer loans after the government cut bonuses and other financial perks for public sector workers, Okaz newspaper reported on Thursday.