Inside these posts: Regulators

Visit our Filed page for categories. To browse by specific topic, see our Inside page. For a list of companies covered on this site, visit our Companies page.


Banks, SEC in talks to settle mortgage charges

The Securities and Exchange Commission is in talks with major Wall Street banks to settle fraud allegations relating to the sale of toxic mortgage bonds to various investors that helped unleash the financial crisis, the Wall Street Journal reported, citing sources familiar with the matter. Get the full story »

Bank regulators propose swap rules

Energy companies, airlines and other end-users would be mostly exempt from having to put up costly collateral when using uncleared swaps to hedge their business risks, under a proposal issued by U.S. bank regulators on Tuesday. Get the full story »

JPMorgan’s Dimon got $20.8 million in 2010

Jamie Dimon, center, chairman and chief executive officer of JPMorgan Chase & Co. (Tim Boyle/Bloomberg News)

Jamie Dimon, Chief Executive Officer of the second-largest U.S. bank by assets, saw his total compensation rise to $20.8 million in 2010, according to a regulatory filing by JPMorgan Chase & Co.

He received only $1.3 million in total compensation in 2009, according to the filing. Get the full story »

NYSE unswayed by Nasdaq bid

NYSE Euronext believes that any kind of merger with Nasdaq OMX — whether the Big Board were the buyer or the seller — makes little strategic sense, and antitrust regulators would block it, according to a source close to the company.

SEC mulls rules on compensation committees

U.S. securities regulators proposed rules Wednesday that would require publicly listed companies to have independent compensation committees and make key disclosures about their use of compensation consultants. Get the full story »

BATS to list public shares, challenging NYSE

BATS Global Markets plans to list U.S. public stocks by year end, opening the door for companies to float shares somewhere other than the Big Board or Nasdaq for the first time in years. Get the full story »

Regulators scrutinizing Sara Lee sell-offs, says EU

From Bloomberg | Sara Lee Corp.’s sale of its insecticide unit to S.C. Johnson & Son Inc. is among the company’s divestments that has required “extra care” from regulators, the European Union’s antitrust chief said Thursday. The bug-killer deal is the latest Sara Lee sell-off to be examined in-depth by the European Commission after the regulator imposed conditions on Unilever’s plan to buy Sara Lee’s shower-gel and European detergents.

Motorola-NSN deal delayed by Chinese regulators

Chinese anti-trust regulators have extended their timeframe for reviewing Schaumburg-based Motorola Solutions Inc.’s planned sale of its networks business to Nokia Siemens Networks.

Motorola and NSN announced the $1.2 billion deal in July 2010 and the companies expected to close the deal by the end of 2010, but this deadline was delayed pending approval from the Chinese Ministry of Commerce’s Anti-Monopoly Bureau. The companies then targeted the first quarter of 2011 for closing the transaction, and Motorola had affirmed this timeframe as recently as two weeks ago. Get the full story »

SEC is severely understaffed, report finds

From Bloomberg News | The U.S. Securities and Exchange Commission is about 400 employees short of what it needs to manage its current workload, according to a four-month internal review mandated by the Dodd-Frank Act.

FDIC’s Bair sees bank structural changes

Large financial institutions may need to make significant and potentially costly structural changes to comply with new U.S. “living will” requirements, bank regulator Sheila Bair said on Monday. Get the full story »

Regulators probe Apple subscription plan

Regulators have begun an inquiry into Apple Inc.’s plans to take a cut of the revenue generated by the sale of online subscriptions through its App Store, according to a person familiar with the plans. Get the full story »

Regulator: Swap trading venues may miss deadline

Swaps trading venues, a centerpiece of legislation overhauling derivatives, may need to be phased in later than planned because many will miss an October 15 deadline for meeting self-policing requirements, a Chicago-based regulator said.

The potential delay, flagged late Tuesday by National Futures Association President Daniel Roth in comments to a group of Chicago trading executives, represents a potential new setback as regulators rush to write rules for the sweeping Wall Street reform, known as the Dodd-Frank act, that was passed last summer. Get the full story »

SEC watchdog says it has uncovered waste

U.S. securities regulators have made numerous missteps in procuring and managing contracts including office leases, the agency’s internal watchdog said on Thursday. Get the full story »

U.S. to curb bank bonuses as part of global move

U.S. regulators began their most forceful attempt yet to clamp down on bank bonuses since the 2007-2009 financial crisis, and warned firms they would seek to counter attempts to circumvent the reforms.

While the proposals pale in comparison to similar restrictions in Europe, the talk of keeping a keen eye on loopholes indicates regulators want to get tough on banks that make symbolic pay changes while finding ways to gut the intent of reforms. Get the full story »

CFTC advances position plan, more hurdles ahead

Big speculators could face curbs on wheeling and dealing in commodity markets after the Commodity Futures Trading Commission Thursday advanced a plan to cap large positions, but internal dissent could delay final adoption of the plan for months or longer. Get the full story »