The SEC is seeking to find ways to ease requirements to allow less complex ETFs to be registered with the bourse.
Legal & Regulatory
Greece Required to Pass Reform Laws before Bailout Tranche Released
Greek Finance Minister urged the legislative body to pass the reform measures required as a precondition to the release of the Eur2.8 billion tranche of bailout funds for the country.
Proposed Legislation to Complicate Bank Operations
With the proposed US$400 billion asset ceiling and 10% equity retention limit, banks may be forced into complicated situations.
Ghosn Expects Chinese Approval by Year's End
Renault-Nissan CEO Carlos Ghosn expects approval for the China plant for the carmaker to be approved by the end of the year.
Austria to Relax Bank Secrecy Laws
Austria is now in the midst of forging an agreement to provide other EU countries data swaps to crack down on tax evaders.
Latest News
MRI International Inc is now under investigation for false information and misleading clients not only in Japan but in the US as well.
Due to the lack of promised reforms, many investors are moving their investments from Russia to other countries.
The increase in the required pension fees for CalPERS is a good move according to Moody's Investor Services.
Deutsche Bank faces one of the many trading day cases in court. Back in October 2008, Alexander Vik went to the London office of Deutsche Bank AG to meet with account managers regarding his Sebastian Holdings Inc investment fund.
NCC issues new rules for mobile phone users in Nigeria. Under new regulations for mobile phone users in Nigeria, indivdual customers can change their service providers and retain their numbers.
The Trans Pacific Partnership Pact has invited Japan to join in the negotiations. Japan has been granted approval from participating countries to form part of the talks on the US initiated Asia Pacific Free Trade Agreement.
According to the federal court, the case between AIG and Bank of America should be heard in state court.
Mongolia's Strategic Entities Foreign Investment Law has been amended to relax requirements for foreign investments.
Dish plays national security issue in its bid to stop the Softbank bid from pushing through. Dish Network has formally sought regulator intervention, specifically suspension of the review of the bid provided by Softbank Corp of Japan for the acquisition of Sprint Nextel Corp.
