All articles by Verdict Staff
Verdict Staff
Agencies reviewing treatment of collateralized debt obligations backed by Trust Preferred Securities
The Federal Reserve Board, the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, and the Securities and Exchange Commission are reviewing whether it would be appropriate and consistent with the Dodd-Frank Wall Street Reform and Consumer Protection Act not to subject collateralized debt obligations backed by trust preferred securities to the investment prohibitions of section 619 of Dodd-Frank, otherwise known as the “Volcker rule.”
Balyasny AM hires money managers from SAC Capital
American hedge fund sponsor Balyasny Asset Management has appointed three money managers from SAC Capital Advisors as part of its expansion in London.
FCA receives record number of requests for assistance on Libor-rigging case
Financial Conduct Authority, the UKs financial markets watchdog, has received over 1,000 international requests for assistance on the London Interbank Offered Rate (Libor)-rigging case in 2013, an increase of 17% compared to 857 requests received in 2012.
Manulife completes the acquisition of MAAKL Mutual
Manulife Holdings Berhad (MHB), part of Canada-based Manulife Financial, has successfully completed the acquisition of 100% of the share capital of MAAKL Mutual Bhd (MAAKL), following the receipt of regulatory approval.
SEC issues annual staff reports on credit rating agencies
The Securities and Exchange Commission has issued its annual staff report on the findings of examinations of credit rating agencies registered as nationally recognized statistical rating organizations (NRSROs).
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Centum acquires 73.35% stake in Genesis Kenya
Centum Investment Company has closed the acquisition of 73.35% stake in Genesis Kenya Investment Management following statutory and regulatory approvals.
Professional referral network helps financial advisors prepare for upcoming tax season
Financial advisors heading into their busiest time of year are acquiring a surge of new clients thanks to leads generated by Pro2Pro Network, the largest professional referral network in North America.
France takes Jersey and Bermuda off tax blacklist
France has removed Jersey and Bermuda from its tax-haven blacklist as a result of an improved exchange of information.
FRB seeks public comment on proposed amendments to Regulation A
The Federal Reserve Board invited public comment on proposed amendments to Regulation A (Extensions of Credit by Federal Reserve Banks) to implement section 1101 of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
General Catalyst Partners closes new fund
General Catalyst Partners has closed its newest fund, General Catalyst Group VII, L.P. (General Catalyst VII).