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The best way to have a good idea is to have a lot of ideas.
Linus Pauling Categories
Author Archives: Marcy Gordon
FDIC proposes exemption for mortgage securities
Federal regulators are proposing to exempt certain mortgages from new rules aimed at getting banks to take on more risk when package and sell mortgage investments.
The Federal Deposit Insurance Corp. on Tuesday, March 29, and the Federal Reserve a day earlier voted to advance the exemption from rules required under the new financial regulatory law. Under the rules, banks must hold at least 5 percent of the mortgage securities on their books. Read More
New FDIC rules require banks to share some risk
Banks will have to share in the risk when they sell investments of the kind that rocked the financial system in 2008 under rules adopted Monday, September 27.
The Federal Deposit Insurance Corp. is requiring banks hold at least 5 percent of the securities on their books . . . read more Read More
US officials discuss new consumer agency
High-level government officials met Thursday, July 29, to discuss the new consumer protection agency established by the financial overhaul law, and employees at seven federal agencies are being told they may . . . read more Read More
SEC chief says enforcement has increased
The head of the Securities and Exchange Commission said Tuesday, July 20, that the agency has been revamped and has stepped up enforcement since the financial crisis. Agency officials are also ready to write new rules for companies . . . read more Read More
SEC proposing uniform ‘audit trail’ for orders
Federal regulators moved Wednesday, May 26, toward requiring a uniform system for tracking all securities orders on U.S. exchanges, in hopes of making it easier to investigate market disruptions like the May 6 plunge.
Members of the Securities and Exchange Commission proposed, on a 5-0 vote, requiring exchanges to maintain an “audit trail” covering trading orders from start to routing to execution.
The regulators say that would make it easier to investigate market . . . read more Read More
SEC seeks tighter rules on asset-backed securities
Federal regulators proposed new, stricter rules Wednesday for asset-backed securities, the bundles of loans that helped spark the market’s collapse in 2008 and nearly brought down the financial system.
The Securities and Exchange Commission voted 5-0 to propose that Wall Street firms that package and sell asset-backed securities be required in most cases to hold at least 5 percent of the packaged loans — mortgages, credit cards, auto loans — on their own books. . . . read more Read More
