Critics: SEC Overstepped Its Bounds With Banking Rules
- Banks: SEC broker-dealer plan unnecessary, unfair. Hensley, Scott // American Banker;6/5/1996, Vol. 161 Issue 107, p10
Reports on bankers' criticism of rules proposed by the US Securities and Exchange Commission governing sales practices at their retail brokerages. Bankers' petition for the agency to withdraw the bank broker-dealer rules on grounds that they were unnecessary and discriminatory; Restrictions on...
- Bank funds seen facing more SEC scrutiny. Cope, Debra // American Banker;9/29/1993, Vol. 158 Issue 187, p18
Reveals that banks can expect more scrutiny from the Securities and Exchange Commission as they become involved in the mutual fund business. Comment from Marianne K. Smith, partner with the law firm Wilmer Cultler and Pickering.
- Regulatory conflicts seen better for banking than a superagency. Seiberg, Jaret // American Banker;11/30/1998, Vol. 163 Issue 227, p2
Focuses on the regulatory conflicts between banking regulators and the United States Securities and Exchange Commission over loan-loss reserves. Bankers' argument that securities regulators have no business interfering in a safety-and-soundness issue; Overview on the imposition of conflicting...
- SEC expected to back off in loan-loss reserves fight. Seiberg, Jaret // American Banker;11/20/98, Vol. 163 Issue 223, p1
No abstract available.
- Audited financial statements: will the SEC's rules start a trend? Waide, Jr., Patrick J. // Banking;May72, Vol. 64 Issue 11, p36
Discusses the rules of the U.S. Securities and Exchange Commission (SEC) regarding financial reporting of banks. SEC requirements for financial statement; Financial penalties; Proposed additional disclosure in areas of bank financial reporting.
- SunTrust yields in tug-of-war with SEC over loss reserves. Gillam, Carey; Seiberg, Jaret // American Banker;11/16/1998, Vol. 163 Issue 219, p1
Reports on SunTrust Banks Inc.'s decision to reduce its loan-loss reserves, following the United States Securities and Exchange Commission's inquiry into SunTrust's practices for loan-loss provisions. Commission's crackdown on earnings management in banking and other industries; Effect of the...
- SEC wrong in debate over loan-loss reserves. Isaac, William M. // American Banker;2/17/1999, Vol. 164 Issue 31, p4
Criticizes the United States Securities and Exchange Commission for continuing to challenge reserve levels at banks even when they are complying with mandates from their regulators. Commission's order to SunTrust Banks to reduce its loan-loss reserves and restate earnings; Lack of evidence to...
- SEC Courts Danger with Anti-Reserve Crusade. ISAAC, WILLIAM M. // American Banker;4/13/1999, Vol. 164 Issue 69, p6
Comments on the United States Securities and Exchange Commission's campaign to regulate banks' loan-loss reserves. High level of loan losses at banks; Economic conditions; Deterioration of credit standards.
- Delay Sought on Bank Broker-Dealer Rule. Ferris, Craig T. // Bond Buyer;7/3/2001, Vol. 337 Issue 31173, p4
Reports that three bank regulatory agencies have asked the United States Securities and Exchange Commission to delay the October 1, 2001 effective date of its interim rules that would require banks to set up registered broker-dealer entities for certain securities activities. Implications of...