Systemic Risk Council October 4, 2012 Dear Chairman Bernanke, Comptroller Curry, and Acting Chairman Gruenberg: The Systemic Risk Council, an independent and non-partisan council formed by the CFA Institute and The Pew Charitable Trusts, appreciates the opportunity to comment on the three notices of proposed rulemaking cited above. We have been concerned about the slow […]
Contact: Jeremy Ratner, jratner@pewtrusts.org, (202)540-6507 Washington , D.C. – 09/13/2012 – Sheila Bair, former chair of the FDIC and current chair of the Systemic Risk Council (SRC) issued the following statement on the Council’s behalf: “We were deeply disappointed to learn that three SEC Commissioners have refused to publish for public comment a proposed rule to reduce […]
Publication: New York Times Author: Peter Eavis and Nathaniel Popper 08/23/2012 —After the failure of one effort to overhaul a major part of the mutual fund industry, top government officials worked on Thursday to find alternative ways to rein in what they see as a systemic threat to the financial system. Treasury Secretary Timothy F. Geithner and other top […]
Publication: Reuters Author: Alexandra Alper 07/19/2012 —If the Securities and Exchange Commission does not beef up its oversight of money market funds, a council of regulators should take the reins, former U.S. bank regulator Sheila Bair said on Thursday. Bair, who formerly chaired the Federal Deposit Insurance Corp, applauded the reforms that SEC Chairman Mary Schapiro has floated to bolster the funds, four […]
Contact: Jeremy Ratner, jratner@pewtrusts.org, (202)540-6507 Washington , D.C. – 07/19/2012 – Sheila Bair, former chair of the FDIC and current chair of the Systemic Risk Council (SRC) issued the following statement on the Council’s behalf: “The Systemic Risk Council today calls for prompt and decisive action to curb systemic risks posed by money market mutual funds. When […]