SEC Proposes Framework for Fund Fees; Approves Adviser Disclosure Form Changes

The Securities and Exchange Commission July 21 unanimously proposed extensive changes to the framework for mutual fund distribution fees that would cap…

Small Banks Seen as Consolidating To Cope With Revamped Financial Rules

Although the recently enacted financial reform bill (Public Law No: 111-203) appears to be less burdensome on community banks than their…

Basel Committee Bends to Bank Pressure, Issues Modifications to Basel III

Bending to pressure from the world’s most powerful banks, the Basel Committee on Banking Supervision issues changes to its proposed…