British Commission Calls for New Laws to Prosecute Bankers for Fraud
As part of a 600-page report, the British parliamentary commission on banking standards is urging new laws that would make it a criminal offense to recklessly mismanage local financial institutions.
View ArticleMaking Misconduct a Crime
A proposal in Britain to allow the prosecution of bank executives when they engage in reckless misconduct raises the question of whether the United States should consider a similar measure.
View ArticleJudge Rejects Fed’s Cap on Debit Card Fees
The billions of dollars that banks earn when consumers swipe their debit cards are under threat after a federal court ruling.
View ArticleIndia Seeks to Overhaul a Corporate World Rife With Fraud
Sweeping legislation in India aims at auditing reform, with stiffer penalties for fraud and more government oversight of businesses.
View ArticleA Holiday From Taxes, and Often From the Strings Attached
Tax policy experts are suspicious of tax holidays, and most experts question the effectiveness of attaching restrictions to such legislation. Many companies find a way around them.
View ArticleTribes Challenge New York’s Authority Over Their Lending
Two tribes are arguing in Federal District Court in Manhattan that New York’s top financial regulator overstepped his jurisdictional bounds in his efforts to end their online lending operations in the...
View ArticleFor a Better Way to Prosecute Corporations, Look Overseas
American prosecutors have used deferred prosecution agreements in cases of great public importance without any meaningful oversight, the authors write.
View ArticleTrepidation and Restrictions Leave Crowdfunding Rules Weak
Crowdfunding has great potential for fraud, but the S.E.C.’s proposed rules for this investment model do little to protect investors.
View ArticleHouse Votes to Repeal Dodd-Frank Provision
The vote Wednesday, which included the support of 70 House Democrats, followed months of intense lobbying by Wall Street banks.
View ArticleDodd-Frank Is Indeed Taking Root
The slow rollout of the Dodd-Frank Act has left many frustrated, but regulators are slowly chipping away at the extensive rules and regulations needed to carry out the overhaul, the author writes.
View ArticleHealth Care Deal Is Latest to Seek Corporate Tax Shelter Abroad
Endo Health's proposed acquisition of Paladin Labs is the latest so-called inversion, and comes amid a flurry of mergers intended to extract American companies from federal taxes.
View ArticleSlowing the Revolving Door Between Public and Private Jobs
Countless prosecutors, regulators and congressional aides swap their government résumés for seven-figure salaries at law firms and lobbying shops.
View ArticleJohn Edwards Revisits His Past, Hanging Law Shingle Again
The path back for Mr. Edwards began when his legal troubles ended last year. Prosecutors had charged him with misusing nearly $1 million in campaign donations.
View ArticleWall Street Could Benefit From Tax Proposal
A proposal by Senator Max Baucus to revise international tax rules would help financial services firms that tend to have high effective tax rates, the author writes.
View ArticleTax Proposal for an Economy No Longer Rooted in Manufacturing
Under current law, the value of assets like machinery or livestock can be written off for tax purposes. But what about assets like patents or salaries and training for employees?
View ArticleNear a Vote, Volcker Rule Is Weathering New Attacks
Five regulatory agencies are to vote Tuesday on the rule, which has met with thinly veiled threats of challenges from banks and business trade groups.
View ArticleWith the Volcker Rule, the More Regulators the Merrier
The Volcker Rule may be a great example of how having multiple regulators may create a patchwork of regulations, but also provide important backstops, David Zaring writes in an Another View column.
View Article‘Long and Arduous Process’ to Ban a Single Wall Street Activity
The Volcker Rule’s chief intention is to prohibit regulated banks from using customer money to trade for their own gain, but it may have many potential gray areas.
View ArticleHouse Financial Services Chairman to Seek Volcker Rule Change
Representative Jeb Hensarling is soon expected to propose legislation that could open up a huge loophole in the Volcker Rule.
View ArticleEuropeans Struggle to Set Derivatives Rules
The E.U. plans a last-ditch effort to reach agreement on one of the biggest issues highlighted by the financial crisis: how to rein in trading of derivatives and other complex instruments.
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