Securities and Exchange Commission (SEC)
Christopher Cox sworn in as SEC chairman
With his wife Rebecca standing at his side, Christopher Cox took the oath of office to become the 28th Chairman of the Securities and Exchange Commission from Federal Reserve Chairman Alan Greenspan on Wednesday 3 August.
Thailand's SET backs new derivatives exchange
Thailand's new derivatives market is expected to open next year with funding from the Stock Exchange of Thailand, notes the Bangkok Post. The new exchange will begin trade in futures contracts based on the stock index, interest and currency rates.
Drive for greater SEC powers
Senior Republicans on Wednesday 21 May introduced a draft bill that they said would help rebuild investor confidence and increase the powers of the Securities and Exchange Commission, the Financial Times reports.
New York Fed's McDonough will attend May 6 FOMC
William McDonough will attend the Federal Reserve's May 6 meeting of the FOMC before taking up his position at the SEC, the Fed said on Wednesday 16 April, Reuters reports.
Departing SEC chairman wins a standing ovation
US - Harvey Pitt delivered his valedictory speech to the securities industry Friday, with a defence of his record as chairman of the Securities and Exchange Commission and a sideswipe at the partisanship that, he implied, had made the job impossible.
SEC chairman Harvey Pitt resigns
US - US Securities and Exchange Commission Chairman Harvey Pitt resigned under pressure Tuesday night after a series of political missteps that embarrassed the Bush White House just when it needed to shore up investors unnerved by accounting scandals.
SEC chairman Pitt asks for promotion
US - U.S. Securities and Exchange Commission chairman Harvey Pitt, again exhibiting a flair for the political miscue, was under attack 24 July, reports Reuters, for seeking a promotion and a pay raise.
Joint Press Release
PRESS RELEASE - The federal financial institutions supervisory agencies today announced that the financial institutions they supervise should follow the guidance issued by the U.S. Securities and Exchange Commission with respect to auditing and…
Greenspan O'Neill to testify on financial literacy
US - Federal Reserve Chairman Alan Greenspan, Treasury Secretary Paul O'Neill, and Securities and Exchange Commission Chairman Harvey Pitt will testify in Congress early next month on efforts to promote financial literacy, the Senate Banking Committee…
Pakistan central bank governor announces new plan
PAKISTAN - As of 1 July, 2002, all non-banking financial services in Pakistan, such as investment and corporate advisory service; leasing, housing finance and venture capital companies and discount houses, will be regulated by the Securities and Exchange…
Changing the guard on Capitol Hill-by Richard Hill
ARTICLE - Months after Bush's win, two of America's key regulators, the SEC and CFTC, are still without chairmen. In the latest issue of The Financial Regulator Richard Hill examines the likely nominees, and what the new Congress has in store for them.
The heavy hand of the SEC-Ed Waitzer
The SEC has concluded its campaign to stop auditors undertaking consultingwork for clients. Despite the cease-fire, the "rancorous, wasteful and damaging"fight has alienated the profession and undermined self-regulation, for littlediscernible benefit,…
Interview: Walter Shipley
Walter Shipley, recently retired chairman of Chase Manhattan/J.P Morgan, has justchaired a working group on public disclosure aimed at investigating howdisclosure by large US banks and securities firms could be improved. He spoketo Central Banking's…
SEC eyes tougher options rules
US securities regulators are close to proposing tougher new rules over the disclosure and approval of stock option plans by US companies. By John Labate in New York, The Financial Times.
Belgium seeks financial market regulatory reform
Belgian Finance Minister Didier Reynders proposed on Tuesday a reform of the country's financial market regulatory system which would strengthen the power of government regulators and harmonise oversight of stock exchanges.