Newsletters Welcome, Guest Log In | Register

Governance and Risk

From regulatory compliance to corporate governance structure, everyone is involved

About this Blogger RSS

Subscribe

Sign up now and get the best business technology insights direct to your inbox.

  • Daily Edge
  • CTO Edge Update
  • Business Tools & Templates
  • Aligning IT & Business Goals
  • Maximizing IT Investments

0

Financial Regulatory Overhaul Begins with Money Market Funds, Managers

Posted by Lora Bentley Mar 30, 2009 11:57:33 AM

Securities and Exchange Commission Chair Mary Schapiro told the Senate Banking Committee last week that the Commission's plan for regulatory reform will begin with tighter oversight of money managers and money market funds.

 

According to Investment News, Schapiro said:

These efforts will be aimed at shoring up money market fund investments and mitigating the risk of a fund experiencing a decline in its normally constant $1 net asset value.

The Commission also plans to "increase shareholder democracy" by giving shareholders greater opportunity to nominate board members, and will ask Congress to require hedge funds and hedge fund investment advisers to register.

 

As early as April 8, the story says, Schapiro will also propose that the "uptick rule" be reinstated to address short-selling. Senate Banking Committee Chair Chris Dodd (D-Conn.) supports the idea.

Add a comment Leave a comment on this blog post.

There are no comments on this post

Lowering Your IT Costs with Oracle Database 11g Release 2

This white paper identifies the key capabilities a database management solution needs to successfully deliver more information with higher quality of service, make more efficient use of IT budgets, and reduce the risk of change in data centers.

Software Forum: Information On Demand Virtual Experience

This interactive virtual forum presents leading IT experts providing the insights you need to turn your information into a strategic driver for innovation, business optimization and competitive differentiation.

Data Management

Data management tips and techniques that insure ease of access, comprehensive security and absolute privacy for your invaluable company information.

Virtualization & Business Continuity

Virtualization solutions, management tips and industry insights to promote and insure the lifespan of your business.

Optimized Infrastructure

Hardware and software tools to create an enterprise infrastructure for data and business optimization.

Decision Management

Applications, management tools and industry advice on how to optimize your data for better business decisions.

Windows 7 Upgrade Project Kit

Moving to Windows 7? The Windows 7 Upgrade Project Kit is the ideal support tool for managing all phases of an organizational upgrade to Windows 7. The tools and templates in this kit will help you develop a strategy and map out the implementation tactics which link your Windows 7 deployment to your company's bottom line.

Learn more >

ITIL V3 Foundation - Complete Certification Kit

Enhance your IT career by getting your ITIL Foundation Certificate. It's fast and easy with this complete resource. The 186-page eBook and companion online training course is guaranteed to help you pass the ITIL exam.

Learn more >