Regulations protect the safety of the banking system, ensure adherence with consumer compliance law, and eliminate illicit activity.
While Bank of America might be able to absorb additional compliance costs, the additional rounds of paperwork and auditing could crush a community bank.
The case is the SEC’s first enforcement action under the municipal adviser anti-fraud provisions of the Dodd-Frank Act.
"Establishing margin requirements for non-cleared swaps is one of the most important reforms of the Dodd-Frank Act," said the FDIC chair.
A low credit rating on a short-term security will no longer prohibit a money market fund from investing in it.
An appellate panel decides in favor of a former finance chief who alleged he was fired for reporting accounting fraud.
Companies should be required to disclose how they use corporate resources for political activities, say the lawmakers.
The Taxpayer Protection and Responsible Resolution Act creates a Chapter 14 for banks and replaces Dodd-Frank's orderly liquidation authority.
The SEC’s proposed disclosure rules have drawn criticism from proponents and opponents alike.
However, financial regulators failed to find a single, root cause for the unusually volatile day on the U.S. Treasury market last year.
On the fourth try, U.S. systemically important financial institutions aimed to be more realistic about how they would approach a bankruptcy.
Two entrepreneurs ran an unregistered securities exchange that sold derivatives linked to the liquidity events and value of private companies.
