CAMBRIDGE, Mass., July 21, 2014—The Committee on Capital Markets Regulation today released data on the total public financial penalties imposed on financial institutions in the United States through the second quarter of 2014. Public financial penalties include public class action settlements that arise from class action lawsuits brought by the
On July 7, 2014, Prof. Hal S. Scott submitted a letter to Senators Mark Warner and Mike Johanns, Chair and Ranking Member, respectively, of the Subcommittee on Securities, Insurance, and Investment of the US Senate Committee on Banking, Housing, and Urban Affairs. In that letter Prof. Scott addressed two critical points that
Hal S. Scott Testifies Before U.S. Senate Subcommittee on Securities, Insurance, and Investment at hearing on “High Frequency Trading’s Impact on The Economy”June 18, 2014
On June 18, 2014, at 10amET, Prof. Hal S. Scott provided testimony on high frequency trading before the Subcommittee on Securities, Insurance, and Investment of the US Senate Committee on Banking, Housing, and Urban Affairs. Scott is the Nomura Professor and Director of the Program on International Financial Systems at
Cambridge, Mass., June 12, 2014 – The Committee on Capital Markets Regulation today submitted a letter to the Federal Reserve, FDIC and Office of the Comptroller of the Currency critiquing their Proposed Rule to the Supplementary Leverage Ratio. The CCMR had previously also commented on leverage ratios here in October 2013.
CAMBRIDGE, Mass., May 17, 2014—As part of the Financial Stability Oversight Council’s ongoing assessment of risks to U.S. financial stability, it will host a conference on May 19, 2014 on whether asset management companies should be designated as systemically important institutions (SIFIs). In advance of this meeting, the Committee