The Securities and Exchange Commission announced that the SEC and other securities regulators will immediately conduct examinations aimed at the prevention of the intentional spread of false information intended to manipulate securities prices. The examinations will be conducted by the
The Federal Reserve is expected to get a "consultative role" in regulating mortgage financing enterprises Fannie Mae and Freddie Mac that will strengthen its ability to police market stability, Reuters reports. "To protect the financial system from systemic risk going
US securities regulators are boosting efforts to stop the spread of false rumors that threaten financial institutions, after a week that saw steep slides in the shares of Fannie Mae, Freddie Mac and Lehman Brothers, Reuters reports. In an unusual
Despite the tigthening of credit markets, the president of the European Central Bank, Jean Claude Trichet, says the EU's regulatory infrastructure doesn't need an overhaul. "The market correction has not provided any convincing evidence for an overhaul of the current
The European Union average transportation deficit reached its target of 1% over a year ahead of schedule, according to the European Commission Internal Market Scoreboard. In the European Commission's first Internal Market Scoreboard, in November 1997, the EU average transposition
The Federal Reserve is considering plans to extend a project which grants emergency funds to struggling investment banks for six months. Originally launched in March to help stabilize Bear Sterns, the lending facility could be extended into next year, says
Online verification company Veriphy reports that nine out of ten companies that contact them are on the wrong side of the law when it comes to the Anti Money Laundering legislation. It is now six months since the latest Money
New rules on disclosing short positions are having little benefit but have jeopardised the reputation of the Financial Services Authority and damaged Britain's investor friendly standing, The Telegraph reports . The watchdog is coming under fire for rapidly implementing, with
Fortent says that its latest customer due diligence technology helps banks, brokerages, credit unions, and insurance companies take on the #1 concern faced by financial firms today cutting costs. Stricter customer due diligence laws in the U.S. and around the
An investigation of credit ratings agencies by the U.S. Securities and Exchange Commission (SEC) has found "significant weaknesses in ratings practices." The report, released today, says that significant aspects of the ratings process were not always disclosed, the rating agencies