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In this section
of the website are posted recent press accounts and other current
materials related to the Regulation of Financial Institutions.
Materials from the Wall Street Journal are reprinted with
permission from Dow Jones & Co. Viewers interested in obtaining
their own electronic subscriptions to the Wall Street Journal
should click here.
DEPOSITORY INSTITUTIONS
• House
Banking Chairman Accuses Federal Regulators of 'Turf Battle'
(WSJ, Nov. 17, 1999)
• Clinton
Signs Financial-Services Bill, But Cautions About Privacy Shortfalls
(WSJ, Nov. 15, 1999)
• Congress
Passes Wide-Ranging Bill Easing Bank Laws (NYT, Nov. 9, 1999)
• Chase
Manhattan 'Checkbook' Goes Awry, Prompts Inquiry (WSJ, Nov.
9, 1999)
• Provision
in Financial Bill Could Cost Mutual Insurers' Policyholders Billions
(WSJ, Nov. 8, 1999)
• Bank
Overhaul Is Held Up by Fight Over Language for Interpreting Bill
(WSJ, Oct. 29, 1999)
• Lawmakers
Delay Vote On Bank-Overhaul Package (WSJ, Oct. 28, 1999)
• Federal
Banking Regulators Failed To Move on Keystone Problems (WSJ,
Oct. 28, 1999)
• Glass-Steagall
Accord Reached After Last-Minute Deal Making (WSJ, Oct. 25,
1999)
• Lawmakers
Reach an Agreement On Financial-Services Reform Bill (WSJ,
Oct. 22, 1999)
• Effort
to Overhaul Banking Laws Stalls Over Community Lending (WSJ,
Oct. 21, 1999)
• Legislators
Reject Plan to Fortify Consumer-Privacy Protections (Oct.
18, 1999)
• Bank
of America to Launch Service for Online Business (WSJ, Oct.
12, 1999)
• FDIC
Expects to Have Big Losses In Bank-Deposit Insurance Fund
(WSJ, Oct. 12, 1999)
• Fed
Governor Says Banks Too Eager To Lend, Despite Boom Economy (WSJ,
Sept. 27, 1999)
• Banks'
Release of Client Data Is Examined by Task Force (WSJ, Sept.
27, 1999)
• Congress
Begins Combining House, Senate Financial Services Bills (Dow
Jones Newswire, Aug. 3, 1999)
• Financial-Services
Overhaul Bill May Reach Clinton Before Fall (July 6, 1999)
• House
Approves Landmark Bill To Revamp Financial Service (July
2, 1999)
• Fleet,
BankBoston Plan $14.6 Billion For Low-Income, Small-Business
Loans (WSJ, June 28, 1999)
• Minnesota
Attorney General Accuses U.S. Bancorp of Illegal Sales of Data
(June 10, 1999)
• Clinton's
Cynical War On Banking Reform (WSJ Editorial, May 11, 1999)
• Clinton
Proposes to Boost Protections Against Aggressive Bank Promotions
(May 4, 1999)
• Judge
Rules in Thrift's Favor, Paving Way for More S&L Suits
(WSJ. Apr. 9, 1999)
• David
Paul, Others Allege Feds Broke S&L Promises (WSJ, Apr.
8, 1999)
• Bankers
Trust Agrees to Pay Fine Of $60 Million in Federal Case (WSJ,
MAr. 12, 1999)
• Citigroup's Switch May Signal Shakeout in the
Card Industry
(WSJ, Feb. 11, 1999)
• Fed Tells Banks to Tighten Standards For Loans
They Extend to Hedge Funds (WSJ, Feb. 2, 1999)
• Basel Panel Recommends Limits On Dealings
With High-Risk Firms (WSJ, Jan. 29, 1999)
• U.S. Rep. Leach Disappointed By BIS Hedge-Fund
Proposals (Dow Jones Newswires, Jan. 29, 1999)
• Fed's Meyer Urges More Banks'
Credit Risks Disclosure (Dow Jones Newswires, Jan. 5, 1999)
• FFIEC Issues Guidance On Derivatives Accounting For Banks
(Dow Jones Newswires, Dec. 29, 1998)
• Illinois' State-Chartered
Banks Enjoying Their New Powers (Dow Jones Newswires, Dec.
9, 1998)
• Sen. Gramm's Takeover of D'Amato
Panel May Slow Drive to Rewrite Banking Laws (WSJ, Nov. 5,
1998)
• Bank Revamp Fails to Pass, but
Succeeds As Congressional Campaign Fund-Raiser (WSJ, Oct.
20, 1998)
• Justice Department Charges
Visa, MasterCard in Antitrust Lawsuit (WSJ, Oct. 8,
1998)
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see related internet resources,
academic papers, casebook
materials -
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INSURANCE
INDUSTRY
• John
Hancock Widens Search For Missing Policyholders (WSJ, Nov.
16, 1999)
• Allstate
to Launch Online Sales Of Auto and Home Insurance (WSJ, Nov.
11, 1999)
• Aetna
Faces Class-Action Suit Over Information to Members (WSJ,
Oct. 7, 1999)
• Aetna
CEO Rallies Industry Leaders To Fight Lawsuits Against HMOs
(WSJ, Oct. 6, 1999)
• House
Passes Bipartisan Bill To Overhaul Managed Care (WSJ, Oct.
6, 1999)
• Policyholders
at State Farm Win Lawsuit Over Auto Parts (WSJ, Oct. 5, 1999)
• Supreme
Court Set to Determine HMOs' Liability for Cost Cuts (WSJ,
Sept. 29, 1999)
• A
Fugitive U.S. Financier's Odyssey Ends With Arrest at Hamburg
Hotel (WSJ, Sept. 6, 1999)
• Frankel's
Tale Puts Focus On What Regulators Knew (WSJ, June 30, 1999)
• A
Portrait: Martin Frankel Was Ambitious, Cocky and Insecure
(WSJ, June 25, 1999)
• Vanished
Money Manager May Have Taken Million (WSJ, June 21, 1999)
• Justice
Officials Demand Aetna Shed Some Operations in Prudential Deal
(June, 14, 1999)
• Prudential
Has Paid $1 Billion To Class-Action Policyholders (WSJ, June
7, 1999)
• Auto-Insurance
Rates Declined in 1998, But Bills Rose on Newer, Costlier Cars
(WSJ, May 4, 1999)
• Hartford Life Plans to Unveil New Variable-Annuity
Product (WSJ, Mar. 8, 1999)
• Insurers Act to Limit Exposure In Suits Filed
Against Gun Makers (WSJ, Feb. 24, 1999)
• New
York Life Decides to Remain A Mutual Insurer, Bucking Trend
(WSJ, Jan. 10, 1999)
•
Many Insurers Shun Liability Policies
Find Insurance Difficult or Costly to Get (WSJ, Jan. 19,
1999)
•
An Iowa Insurer Pioneers A New Way to 'Demutualize'
(WSJ, Dec. 1, 1998)
•
NAIC Financial Condition Subcommittee Adopts
Working Group’s White Paper on Mutual Holding Company Reorganizations
(NAIC Press Release, Sept. 17, 1998)
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see related internet
resources, academic
papers, casebook materials
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SECURITIES
FIRMS
• New
SEC Report Details 'Suitable' Online Trading (WSJ, Nov. 22,
1999) [See also SEC
Special Study.]
• U.S.
Government Auditors Urge Tighter Broker-Dealer Oversight
(WSJ, Nov. 22, 1999)
• Floor-Brokers
Case Is Proving To Be Awkward for Big Board (WSJ, Oct. 28,
1999)
• Financial-Advisory
Industry May Be Ready for Shakeout(WSJ, Sept. 15, 1999)
• Some
E*Trade Customers To Gain Access to Start-Ups (WSJ, Sept.
14, 1999)
• Widely
Quoted Forecaster Is Arrested In Scandal Involving Japanese Investors
(Sept. 14, 1999)
• NASD
Regulatory Arm Proposes Rules Aimed at Disclosure of Broker Incentives
(WSJ, Sept. 8, 1999)
• The
Big Board Slaps Large Fines On Three of Its 'Specialist' Firms (WSJ,
July 29, 1999)
• Merrill
Lynch to Pay Fines Of $25 Million for Scandal (WSJ, July
1, 1999)
• Eighty-Five
Brokers Are Charged With Allegedly Bilking Investors (WSJ,
June 17, 1999)
• Merrill
Wished Upon a Star Banker But Wound Up in a Singapore Sling
(WSJ, May 21, 1999)
• CFTC
Charges Merrill Lynch In Sumitomo Copper Scandal (WSJ, May
21, 1999)
• SEC
Censures Datek Online For Dipping Into Client Funds (WSJ,
May 19, 1999)
• SEC
Moves to Crack Down On Internet Securities Deals (WSJ, May
13, 1999)
• Similarities
Between IPO Probe And Nasdaq Case Are Limited (WSJ, May 4,
1999)
• Justice
Department Opens Inquiry into How Banks Set Fees for IPOs
(WSJ, Apr. 30, 1999)
• SEC
Chief Wants Online-Trading Firms To Disclose the Risks of Internet
Dealing (WSJ, May 4, 1999)
• Levitt Criticizes Securities Industry Over Lack
of Corporate Bond Data (WSJ Apr. 26, 1999)
• SEC
Is Looking Into Certain Practices Of Options Exchanges, Floor
Traders (WSJ, Apr. 19, 1999)
• SEC
Urges Brokerage Firms To Scrutinize Options Prices (WSJ,
Apr. 16, 1999)
• Online-Broker
Titans Pledge Cooperation with SEC Scrutiny (WSJ, Mar. 11,
1999)
• Regulators Struggle to Keep Up With Explosion
of Online Fraud (WSJ, Mar. 1, 1999)
• SEC
Charges 13 in Ongoing Sweep Against Illegal Online Stock Touting
(WSJ, Feb. 26, 1999).
• SEC Softens Proposed Plan To Combat Microcap
Fraud (WSJ, Feb. 22, 1999)
• SEC Considers Controversial Plan To Combat
Microcap Stock Fraud (WSJ, Feb. 19, 1999)
• Hambrecht Serves Little Guy, Tweaks the Big
Guy, Online (WSJ, Feb. 8, 1999)
• Trading
Halts Show Risks Of Investing in Small Caps (WSJ, Feb. 1,
1999)
• SEC
Staff Weighing Civil Fraud Charges Against Bear Stearns in A.R.
Baron Case (WSJ, Feb. 4, 1999)
• In
Joint Settlement, Big Board, NASD Fine Ragen MacKenzie for Procedures
(WSJ, Feb. 4, 1999)
• Disciplinary
Records of Stockbrokers Won't Be on Web This Spring After All (WSJ,
Jan. 18, 1999)
• Fines
on 28 Securities Firms Mark End to Nasdaq Trading Inquiry (WSJ,
Jan. 12, 1999)
• If
the bear returns, Wall Street's arbitration wars will escalate
(Barron's Feature, Nov. 16, 1998)
• NASD's
Push to Extend Reach Provokes Investment Advisers (WSJ, Nov.
12, 1998)
• SEC
Charges 44 Stock Promoters in First Internet Securities Fraud
Sweep (SEC Press Release, Oct. 28, 1998)
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see related internet resources,
academic papers, casebook
materials -
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CAPITAL
MARKETS
• SEC
Plans Moves to Lift Barriers Shielding Big Board From Rivals
(WSJ, Dec. 1, 1999)
• NYSE
Proposes Increased Capital Requirements (WSJ, Nov. 22, 1999)
• CFTC
Chairman Seeks To Deregulate Trading (WSJ, Oct. 29, 1999)
• SEC
Chairman Urges Exchanges To Join in a Centralized Market
(WSJ, Sept. 24, 1999)
• Levitt
Studies Plan For Single Regulator (WSJ, Sept. 21, 1999)
• European
Exchanges Will Meet This Week About Joint System (WSJ, Sept.
21, 1999)
• Island
ECN to Extend Its Trading Day; Investment Dealers to Take Primex
Stake (WSJ, Sept. 14, 1999)
• SEC
Assails Big Board for Failing To Detect Illegal Trading on Floor
(WSJ, June 30, 1999)
• SEC,
Big Board and NASD Form Panels to Examine Night Trading (WSJ,
July 1, 1999)
• Big
Board Sets Accord In Rift With Specialist (WSJ, June 25,
1999)
• Nasdaq
Night Trading Is Headed For a Vote; Grasso Urges Caution
(WSJ, May 27, 1999)
• How
the Stock Market Would Be Transformed by a 10 P.M. Close
(WSJ, May 20, 1999)
• U.S.
Prosecutors Appear to Acknowledge Problems With Cases Against
Brokers (WSJ, May 20, 1999)
• Fancy Big Board Club Plans to Honor Key Lawmaker
on Stock-Quote Issue (WSJ, Apr. 28, 1999)
• Regulators Worry That Online Investors May
Be Getting Poor Trade Executions (WSJ Apr. 23, 1999)
• SEC Is Examining NYSE's Regulation Of Floor
Brokers and Investigation (WSJ, Apr. 2, 1999)
• How Electronic Networks Snag Stock
Trades From Big Markets (Mar. 1, 1999)
• Big Board Looks for a Way to Trade Nasdaq Stocks,
Probably Electronically (WSJ, Feb. 26, 1999)
• Program-Trading 'Collar' To Be Loosened on
Big Board (WSJ, Feb. 12, 1999)
• SEC
Clears Rule Affecting OTC Bulletin Board Stocks (WSJ, Jan.
7, 1999)
• SEC Modernizes Regulations
for Alternative Trading Systems (SEC Press Release, Dec.
2, 1998)
• SEC Proposes New Rules to Streamline
Stock Offerings by Public Companies (WSJ, Oct. 16, 1998)
• U.S. Attorney Launches Probe Into 'Spinning'
of Hot Offerings (WSJ, Apr. 16, 1998)
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see related academic papers
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INVESTMENT
COMPANIES
• SEC
Probes Rates Fund Firms Are Paying for Commissions (WSJ,
Sept. 16, 1999)
• Fund
Creation Slows As Industry Matures (July 28, 1999)
• Scudder
Plans to Shut Offices To Focus on Internet Strategy (WSJ,
June 29, 1999)
• Fidelity's
Value, Long Elusive, Looks to Be Around $30 Billion (WSJ,
June 21, 1999)
• Mutual
Funds, Brokers Battle Over Proposed Trading Plan (WSJ, May
24, 1999)
• Investors
Take Control of Holdings As Tech Stocks Soar, Funds Slump
(WSJ, May 6, 1999)
• Lipper
Overhaul Will Pop Mutual-Fund Surprises (WSJ, Mar. 9, 1999)
• Economic
Policy Makers Consider Direct Regulation of Hedge Funds (Mar.
4, 1999)
• Study
Finds Risk Adjustments Necessary for Tech Funds (WSJ, Feb.
26, 1999)
• Experts
Say 'Soft-Dollar' Deals For Funds Are Now a Standard (WSJ,
Feb. 25, 1999)
• SEC
Chief Levitt Urges Stronger Fund Directors (WSJ, Feb. 24,
1999) (and related articles)
• Standard
& Poor's, Moody's To Offer Mutual-Fund Data (WSJ. Feb.
23, 1999)
• SEC
Rejecting Some Overhauled Mutual Fund Prospectuses (Dow Jones
Newswires, Dec. 7, 1998)
• Levitt
Says Regulators Likely to Push For Improved Hedge-Fund Disclosure
(WSJ, Nov. 9, 1998)
• SEC
Looks at Rule on Records Of Mutual-Fund Performance (WSJ,
Oct. 15, 1997)
• Merrill
to Pay $90 Million To Settle Mutual Fund Suit (WSJ, Oct.
1, 1997)
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see related internet
resources, academic
papers, casebook materials
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INTER-INDUSTRY
COMPETITION
• IRegulators Urge CFTC Officials To Forbid
Control of Derivatives (WSJ, Nov. 9, 1999)
• Lawmakers Unveil Latest Draft Of Financial-Services
Legislation (WSJ, Oct. 12, 1999)
• Clinton Threatens Veto Of Financial-Services
Bill (Dow Jones, Oct. 8, 1999)
• New York Fed President Says LTCM Is Nearly Out
of Business (WSJ, Oct. 1, 1999)
• Chase
Accord Leaves Investors Unconvinced of Possible Gains (WJS,
Sept. 29, 1999)
• Two
Lawmakers Seek to Switch CFTC From Regulator Into Oversight Agency
(WSJ, July 6, 1999)
• Canada
Proposes Loosening Rules On Ownership of Smaller Banks (WSJ,
June 29, 1999)
• Push
for More Disclosure Faces Criticism From Hedge Funds (WSJ,
May 7, 1999)
• Senate
Passes Financial-Overhaul Bill, But Measure Still Faces Big Hurdles
(WSJ, May 7, 1999)
• Battle
Heats Up on CFTC Regulations for Web Sites (WSJ, May 6, 1999)
• Report
to Propose That Hedge Funds Publicly Disclose Financial Condition
(WSJ, Apr. 29, 1999)
• Greenspan
Repeats His Opposition To More Regulation of Derivatives
(Mar. 19, 1999)
• Financial-Services
Overhaul Bill Facing Strong Opposition Clears Senate Panel
(WSJ, Mar. 5, 1999)
• Bank
Regulators, SEC Jockey To Be the New Securities Czar (Feb.
24, 1999)
• Congress
Renews Debate on Reforming Banking Laws, but Hurdles Remain
(WSJ, Feb. 11, 1999)
• New
Senate Banking Chief Plans To Move Swiftly on Financial Bill
(WSJ, Jan. 13, 1999)
• Gramm's Glass-Steagall Beef (WSJ, Jan.
6, 1998)
• Citigroup May Sell Commodities Unit To Address
Regulators' Conditions (WSJ, Dec. 9, 1998)
• State Farm Gets Federal Thrift Charter,
Heating Up Insurance-Banking Battle (WSJ, Nov. 13, 1998)
• CFTC Chief Refuses to Take Back Seat
in Derivatives Debate (WSJ, Nov. 3, 1998)
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see related academic papers,
casebook materials -
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SOCIAL
SECURITY REFORM AND PENSIONS
• U.S.
to Examine Actuarial Firms' Role In Switch to Cash-Balance Pension
Plans (WSJ, Oct. 29, 1999)
• Ex-Connecticut
Treasurer Faces Prison After Admitting He Took Kickbacks
(WSJ, Sept. 24, 1999)
• Critics
of Cash-Balance Pension Plans Prepare to Testify Before Senate
Panel (WSJ, Sept. 21, 1999)
• Eighteen
Former, Current Employees Sue First Union Over 401(k) Assets
(WSJ, Sept. 8, 1999)
• Pension
Terminations Become Temptations for Some Employers (WSJ,
June 17, 1999)
• Overfunded
Pension Plans Fatten Companies' Earnings (WSJ, June 17, 1999)
• Archer's
Social-Security Proposal Draws Fire From Conservatives (WSJ,
Apr. 29, 1999)
• Critics
Contend Clinton Plan to Reform Social Security Should Be Self-Financed
(WSJ, Feb. 10, 1999)
• Clinton's
Goal to Save Social Security Involves Complex Debt-Reduction
Plan (WSJ, Feb. 2, 1999)
• Social Security Plan Faces A Lot of Tough
Question (WSJ, Jan. 20, 1999)
• Clinton Weighs Plan to Create Accounts to
Fund Retirement (WSJ, Jan. 7, 1999)
• Social Security Outlook
(WSJ, Dec. 7, 1998)
• 'Cash Balance' Saves Millions,
Hides Pitfalls From Workers (WSJ, Dec. 4, 1998)
•
Employees Will Need to Know Traits
of 'Cash-Balance' Plan (WSJ, Dec. 4, 1998)
• Lifted by Elections, Clinton
Turns Focus To the Battle to Overhaul Social Security (WSJ,
Nov. 6, 1998)
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see related internet resources,
academic papers, casebook
materials -
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INTERNATIONAL
FINANCIAL ISSUES
• The
Outlook-- International Accounting rules (WSJ, Oct. 18, 1999)
• Summers
Defends Aid to Russia During Money-Laundering Probe (WSJ,
Sept. 21, 1999)
• Investigators
Uncover Indications of Fraud, Say Top Politicians Got Millions
of Dollars (WSJ, Sept. 14, 1999)
• IMF
Fails to Find Consensus On Preventing Futures Crises (WSJ,
Apr.28, 1999)
• U.S.
Officials Urge Cautious Approach To Dollarization by Foreign
Countries (WSJ Apr. 23, 1999)
• U.S.
Secretary Rubin Outlines Plan To Curb Global Fiscal Turmoil
(WSJ, Apr. 22, 1999) (For the text of Secretary Rubin's speech,
click here.)
• IMF Endorses Credit Facility To Help Nations
Avert Crises (WSJ, Apr. 26, 1999)
•
U.S. Faces Fight Over Best Way To Avoid
Turmoil in the Future (WSJ, Feb. 17, 1999)
•
Remarks by Chairman Alan Greenspan, The
Structure of the International Financial System, at the Annual
Meeting of the Securities Industry Association, Boca Raton, Florida
(Nov. 5, 1998)
•
SEC Crafts Web Guidelines For Offers From
Foreigners (WSJ, Feb. 27, 1998)
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see related academic papers,
casebook materials - |
