Global Financial Regulation
WASHINGTON U.S. big businesses are being pushed by lawmakers and regulators to expand shareholder democracy in the wake of the financial crisis -- with executive pay and board of director elections the main areas where changes soon could be on the way.
WASHINGTON (Reuters) -- The U.S. housing market is showing some early signs of a turnaround, but its too early to say if a full recovery is underway, Housing and Urban Development Secretary Shaun Donovan said on Wednesday.
WASHINGTON President Barack Obama will sign wide-ranging, pro-consumer credit card reforms into law by late May, senior U.S. House Democrat Carolyn Maloney predicted on Wednesday.
WASHINGTON The chairman of the U.S. audit watchdog agency said on Friday it had no plans to issue further guidance on new market-to-market accounting rules even though the business community has asked for it.
WASHINGTON A top U.S. securities regulator on Wednesday advocated some public disclosure of short-selling positions, information which could give a rare glimpse into big money managers' trading strategies.
WASHINGTON The U.S. Securities and Exchange Commission plans to consider next month expanding investors' ability to elect corporate directors, a thorny issue the agency's leader says may spark a court fight with opponents.
WASHINGTON The head of the Federal Housing Finance Agency said on Wednesday he was concerned with conflicts of interests at credit rating agencies, which often help structure the same securities they rate.
WASHINGTON U.S. officials have still not yet decided how to disclose the results of the bank "stress tests," but a lack of detail in the release could disappoint markets, a top bank regulator said on Wednesday.
WASHINGTON U.S. Federal Reserve Chairman Ben Bernanke is slated to testify next Tuesday before the Joint Economic Committee of Congress to discuss the state of the U.S. economy, Representative Carolyn Maloney said on Wednesday.
WASHINGTON An investigation into allegations of capital backdating at some institutions regulated by the U.S. Office of Thrift Supervision is expected to wrap up by June, a top agency official said on Wednesday.
WASHINGTON Officials are conducting a review of the mortgage insurance industry to determine the present health and future viability of the specialty finance firms battered by the housing downturn, a U.S. regulator said on Wednesday.