NEWS

Researchers Jap Efendi (University of Texas at Arlington) and Edward P. Swanson (Texas A&M University -Department of Accounting) find that short sellers play a necessary role in uncovering companies with accounting irregularities.
In their paper (“Short Seller Trading in Companies with a Severe Accounting Irregularity”) published on the Social Science Research Network web site, they [...]

Researchers Alessandro Beber (Amsterdam Business School; Centre for Economic Policy Research) and
Marco Pagano (University of Naples Federico II – Department of Economics; Centre for Economic Policy Research; European Corporate Governance Institute) find in their November 26, 2009 paper that the short selling bans imposed by stock exchanges through the world harmed investors interests during the [...]

Here are the links to the financial regulatory reform package the House will consider week of December 7:
H.R. 4173, Wall Street Reform and Consumer Protection Act of 2009
http://financialservices.house.gov/Key_Issues/Financial_Regulatory_Reform/FinancialRegulatoryReform/111_hr_finsrv_4173_full.pdf
TITLE I—Financial Stability Improvement Act, Summary
http://financialservices.house.gov/Key_Issues/Financial_Regulatory_Reform/FinancialRegulatoryReform/HR4173_summaries_by_title/Title_I_FISA_120309.pdf
TITLE II—Corporate and Financial Institution Compensation Fairness Act, Summary
http://www.house.gov/apps/list/press/financialsvcs_dem/summary_of_h.r._3269.pdf
TITLE III—Over-the-Counter Derivatives Markets Act, Summary
http://financialservices.house.gov/Key_Issues/Financial_Regulatory_Reform/FinancialRegulatoryReform/HR4173_summaries_by_title/Title_III_OTC_Derivatives_120309.pdf
TITLE IV—Consumer Financial Protection Agency Act, Summary [...]

Finance ministers from the 27 countries that comprise the European Union agreed on December 2 to create four new pan-European regulators overseeing financial markets and institutions. One entity will oversee banking (based in London), another securities (Paris), a third insurance (Frankfurt), and a fourth financial risks. The EU Parlement must approve the [...]

Reuters correspondents Kevin Drawbaugh and Karey Wutkowski report that the U.S. House Financial Services Committee cleared on December 2 legislation to limit systemic financial risks, paving the way for House floor consideration of financial reform legislation next week
“In a milestone for the Obama administration’s push to tighten bank and capital market oversight, the panel approved [...]