Governance, Regulation, & Compliance

• Libor Must Shift to Market-Pricing System, Say U.S. Regulators

  By Silla Brush, Bloomberg  |  April 26, 2013

  FSOC says benchmark rates should be ‘anchored in observable transactions.’

• Chinese Yuan Jumps to 19-Year High

  By Fion Li, Bloomberg  |  April 25, 2013

  Central bank sets record reference rate amid growing use of the currency.

• Companies Pressed to Reveal Political Spending

  By Dave Michaels, Bloomberg  |  April 25, 2013

  Shareholders to vote on political-activities resolutions at 31 companies this year.

• Too-Big-to-Fail Bill Pitched as Fix for Dodd-Frank’s Flaws

  By Cheyenne Hopkins, Bloomberg  |  April 25, 2013

  Sens. Brown and Vitter propose 15% capital requirement for megabanks.

• Hack of Twitter Account Exposes Social Media’s Weaknesses

  By Brian Womack and Chris Strohm, Bloomberg  |  April 24, 2013

  Erroneous AP tweet about White House explosions sent stocks tumbling.

• ISDA Rolls Out Standardized Interest-Rate Swap Contract

  By Mary Childs, Bloomberg  |  April 24, 2013

  Group seeks to standardize OTC market in the wake of Dodd-Frank.

• Opponents of Online Sales Tax Face Tough Battle

  By Richard Rubin, Bloomberg  |  April 23, 2013

  Tax could provide states with about $23 billion a year in additional revenue.

• Corzine Sued by Trustee over MF Global Failure

  By Phil Milford and Tiffany Kary, Bloomberg  |  April 23, 2013

  CFO Steenkamp and COO Abelow are also named in Freeh’s lawsuit.

• Gensler Expresses Renewed Doubt Over Libor Integrity

  By Liam Vaughan, Bloomberg  |  April 23, 2013

  Libor and similar benchmarks ‘unsustainable in the long run,' CFTC head says.

• Ralph Lauren To Pay $1.6 Mln in Bribe Cases

  By Joshua Gallu, Bloomberg  |  April 22, 2013

  Attorney cites ‘unprecedented use of non-prosecution agreements’ by the SEC and the Justice Department.