ABA to SEC: Minimize burdens on banks, affiliates from investment adviser outsourcing proposal
In a recent letter to the Securities and Exchange Commission, ABA offered feedback on its recent registered investment adviser outsourcing proposal.
Browsing: Investment
Podcast: Fueling innovation through a venture strategy
Banks of all sizes access the innovation ecosystem through in-house development, fintech partnerships, acquisitions and venture investment. Huntington Bank does all four.
SEC proposes oversight of outsourced investment advisory services
The Securities and Exchange Commission today proposed new rules to prohibit registered investment advisers from outsourcing certain services and functions without conducting due diligence and monitoring of the service providers.
Survey: Crypto gaining mainstream market trust
According to a recent survey, around 80% of institutional investors believe that cryptocurrency investments are likely to overtake many traditional investment types and predict mainstream adoption.
Agencies Extend Reg O Relief for Certain Fund-Controlled Companies
The federal banking agencies on Friday extended no-action relief under Regulation O for banks lending to investment fund-controlled companies under specific conditions.
SEC Finalizes Rule on Fair Value Determinations
The SEC last week voted to adopt a new rule under the Investment Company Act of 1940 addressing the valuation practices of registered investment companies and business development companies.
Survey: 46% of Small Businesses Increased Investment During COVID-19
Nearly half—46%—of small business (those with 100 employees or fewer) said they have increased investment in their businesses amid the financial pressures of COVID-19, according to new research from Regions Next Step.
ABA Urges DOL to Withdraw Proposal Limiting ESG Investment
The American Bankers Association this week urged the Department of Labor to withdraw a proposal that would limit pension fiduciaries’ consideration of environmental, social and governance-related issues when selecting plan investments.
ABA Supports SEC’s Fair Value Accounting Proposal
In a comment letter to the Securities Exchange Commission today, the American Bankers Association offered support for a recent proposal to update and codify existing guidance and views on determining fair value in good faith for mutual fund investments.
ABA Supports OCC Guidance for Short-Term Investment Funds
In a letter to the OCC yesterday, the American Bankers Association offered support for guidance issued by the agency in March aimed at providing additional flexibility to the rules governing short-term investment funds—bank-managed funds for fiduciary clients that are similar to money market mutual funds.