SEC Proposes New Listing Standards for Pay Committees; Asset-Backed Securities Risk Retention Rule

The Securities and Exchange Commission March 30 unanimously proposed to require that national securities exchanges adopt certain listing standards with respect to corporate board compensation committees and compensation advisers…

SEC Adopts Say-on-Pay Requirements, Proposes ‘Accredited Investor’ Amendment

A divided Securities and Exchange Commission Jan. 25 voted 3-2 to adopt a new rule to implement provisions in the financial reform legislation that provide shareholders with advisory votes on…

BNA INSIGHTS: Higher Minimum Capital Standards: Basel Committee on Banking Supervision Crowns Common Equity King

On Sept. 12, the Group of Governors and Heads of Supervision of the Basel Committee on Banking Supervision (the “Basel Committee Group”) announced capital reforms designed to substantially strengthen…

Geithner, EU’s Barnier Pledge to Cooperate on Regulatory Reform, Agree on Trading Rules Deadline

Treasury Secretary Timothy Geithner and European Union Internal Market and Service Commissioner Michel Barnier reaffirmed their commitment Oct. 29 to cooperate on…

SEC Publishes Proposals to Implement Dodd-Frank’s Compensation Provisions

The Securities and Exchange Commission Oct. 18 proposed rules to implement the Dodd-Frank Wall Street Reform and Consumer Protection Act’s provisions for…

BNA INSIGHTS: Executive Compensation, Corporate Governance and Other Securities Disclosure Provisions in the Dodd-Frank Financial Regulatory Reform Act

On July 21, 2010, President Obama signed into law the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Act”), the most comprehensive financial regulatory reform legislation in…

Senate Sends Financial Regulatory Reform Bill to White House for President’s Signature

The Senate voted 60-39 to approve legislation (H.R. 4173) July 15 that would overhaul regulation of banks and other financial services companies and change…

Federal Banking Regulators Publish Final Guidance to Promote Less Risky Pay Practices

Federal banking regulators issued final guidance June 21 to further discourage pay policies at banks that increase risks and decrease safety and soundness…

Court Agrees with SEC That Sarbanes-Oxley Clawback Can Apply to CEO Not Charged with Violation

Ruling on an issue of first impression, the U.S. District Court for the District of Arizona June 9 held that the Securities and Exchange Commission does not…

BNA INSIGHTS: Compensation Risk: Regulatory Requirements and Practical Applications

The near collapse of financial markets and the global financial crises in 2009 focused the public, media, Washington, and individual investors, among others, on outsized Wall Street compensation packages related to excessive risk taking…

Next Page »