 |
||||||
| Friday, November 20, 2009 |
Contact Us
|
 RSS
|
|||||
|
|
| |
|||
|
||||||
|
||||||
|
|
ANALYSIS
March 2, 2009
Sagging Index no longer reflects what’s going on in the market, some say, Replacements? Google it, to start.
March 2, 2009
Downward price spiral will actually boost the cost of capital for most companies. CFOS, take note.
March 2, 2009
The latest bailout at AIG could be a preview of how the president will deal with Wall Street.
March 2, 2009
No corporate defaults. Big debt offerings. Percolating CP issuance. Things may be looking up in the capital markets.
|
|
|
|
April 21, 2008 3:45 PM ET
The Securities and Exchange Commission pushed back the date when it will propose rules mandating the use of so-called XBRL interactive data, setting a new open meeting for May 14. The meeting was originally scheduled for today; the postponement was announced late Friday. According to SEC spokesman John Nester, the meeting was postponed because the commission needed time to prepare and approve testimony for tomorrow’s Senate Banking Committee hearing, at which SEC chairman Christopher Cox is scheduled to testify on the role of credit rating agencies in the current liquidity crisis. A committee of accounting and legal experts, which was set up by the SEC and which has already published recommendations for a phased-in approach to mandating XBRL among public companies, is scheduled to meet again on May 2. Mr. Nester acknowledged that the SEC will now be able to consider additional industry feedback on XBRL from that committee meeting. The SEC is also considering rule amendments to address conflicts of interest among rating agencies, and some lawmakers may suggest a greater role for the agency in managing conflicts of interest and enhancing transparency at rating agencies. The SEC was given oversight of the rating agencies in 2006. Last Friday, SEC commissioner Kathleen Casey told reporters that the SEC does not now need additional authority to oversee credit rating agencies, but noted that additional designated funding could be helpful. “It is a new responsibility...[and] we feel confident that we have the current resources to fulfill that obligation, but it’s certainly something Congress could give consideration to if they wanted.”
|
|
|
|
CRAIN'S BENEFITS OUTLOOK 2009
SPECIAL REPORT
MOST POPULAR
|
MORE ANALYSIS
Crain Financial Group:
InvestmentNews |
Pensions & Investments |
Workforce Management
Copyright ©2009 Crain Communications Inc
All rights reserved.
Privacy Policy |
Terms & Conditions