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☆ Wife of American detained by Taliban fears for his well-being
▼ + stars: | 2024-03-28 | by ( Jennifer Hansler | ) edition.cnn.com time to read: +3 min

Ryan Corbett, who has been detained by the Taliban since August 2022, was able to call his wife Anna and their children earlier this week. “It was a disturbing call,” Anna Corbett told CNN Thursday. Ryan Corbett returned twice in 2022, and on his second trip, he was detained by the Taliban. Ryan Corbett has been declared wrongfully detained by the US State Department. Anna Corbett told CNN she wants to see the US government do more to put pressure on the Taliban to release her husband.

Persons: Joe Biden, Ryan Corbett, Anna, ” Anna Corbett, Ryan, He’s, Anna Corbett, Biden, ”, Matthew Miller, ” Miller Organizations: CNN, State Department, National Security Council, US State Department Locations: Afghanistan

☆ An American Held in Afghanistan Tests U.S. Resolve to Negotiate With Taliban
▼ + stars: | 2023-11-14 | by ( Brett Forrest | ) www.wsj.com time to read: 1 min

Ryan Corbett, standing in the back with his family, is being held in Afghanistan. Photo: Ballenger PhotographyIn the summer of 2022, nearly a year after the Taliban reclaimed power in Afghanistan, American Ryan Corbett and a German colleague traveled to Sheberghan, a remote city 300 miles northwest of Kabul. The two men weren’t there long before a Taliban security force took them into custody. The Taliban charged Corbett, 40 years old, and his colleague with proselytizing Christianity, which Corbett’s family and colleague have denied. In September, the State Department designated Corbett wrongfully detained, which unlocks diplomatic and intelligence resources across the highest levels of government to secure the release of U.S. citizens through swaps or other means.

Persons: Ryan Corbett, Corbett Organizations: State Department Locations: Afghanistan, German, Sheberghan, Kabul

Both changes to the process for designating a non-bank as a "systemically important financial institution," or SIFI, were proposed in April. Friday's vote reversed a Trump administration policy that regulators should police risky activities rather than single out individual firms. Under the revamped process, FSOC will identify potential SIFIs based on existing information and give the company a chance to respond. Similarly, the Managed Funds Association, which represents hedge funds, said non-banks do not pose the same risks as banks. "The guidance imposes a black box designation process that introduces uncertainty for market participants," said MFA President and CEO Bryan Corbett.

Persons: Brendan McDermid, Donald Trump, FSOC, Trump, Janet Yellen, Eric Pan, Bryan Corbett, Barack Obama, Ian Katz, Pete Schroeder, Chris Reese, Michelle Price, Richard Chang Organizations: Wall, REUTERS, WASHINGTON, Treasury Department, U.S . Federal, BlackRock, Bridgewater, Investment Company Institute, Association, MetLife, Inc, General Electric Capital Corporation, American International Group, Prudential Financial, Capital Alpha Partners, Carolina, Thomson Locations: New York, U.S, BlackRock, Bridgewater

Short selling involves borrowing a stock to sell it in the expectation the price will fall, then repurchasing the shares and pocketing the difference. Short interest in the U.S. market totaled $927 billion as of Thursday, according to analytics firm S3 Partners. The new rules require institutional investors to report their gross short positions to the SEC monthly and certain "net" short activity for individual dates on which trades settle. "Investment advisers will face more risk when selling short, which will harm investors, market participants, and market efficiency," said its CEO Bryan Corbett. SEC officials said the new rules, which the commission agreed upon in a 3-2 vote, support the agency's efforts to police the practice.

Persons: Jim Bourg, Gary Gensler, Gensler, Stephen Hall, FINRA, Bryan Corbett, Douglas Gillison, Chris Prentice, Michelle Price, Chizu Nomiyama, Chris Reese Organizations: U.S . Securities, Exchange Commission, SEC, REUTERS, GameStop, Financial Industry Regulatory Authority, Partners, Stephen Hall of Better, Justice Department, Thomson Locations: Washington, U.S

☆ Watch CNBC's full interview with Managed Funds Association CEO Bryan Corbett
▼ + stars: | 2023-09-05 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Managed Funds Association CEO Bryan CorbettBryan Corbett, president and CEO at Managed Fund Association, joins 'Squawk Box' to discuss the MFA's problems over new private equity rules, the details in the rules, and more.

Persons: Bryan Corbett Bryan Corbett Organizations: Funds, Fund Association

☆ Here's why private equity firm MFA is suing the SEC
▼ + stars: | 2023-09-05 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere's why private equity firm MFA is suing the SECBryan Corbett, president and CEO at Managed Fund Association, joins 'Squawk Box' to discuss the MFA's problems over new private equity rules, the details in the rules, and more.

Persons: SEC Bryan Corbett Organizations: SEC, Fund Association

Signage is seen at the headquarters of the U.S. Securities and Exchange Commission (SEC) in Washington, D.C., U.S., May 12, 2021. SEC Chair Gary Gensler said the rules will increase transparency and competition in the private funds industry, which oversees around $20 trillion in assets and has been accused by advocacy groups of opacity and conflicts of interest. The changes require private funds to issue quarterly fee and performance reports and to perform annual audits. Bryan Corbett, chief executive officer of the Managed Funds Association (MFA), said the rules will increase costs for investors and curb competition, he added. The other petitioners are the National Venture Capital Association, American Investment Council, Alternative Investment Management Association, National Association of Private Fund Managers and the Loan Syndications & Trading Association.

Persons: Andrew Kelly, Gary Gensler, Bryan Corbett, Carolina Mandl, Jonathan Oatis, Peter Graff, Cynthia Osterman Organizations: U.S . Securities, Exchange Commission, SEC, Washington , D.C, REUTERS, Friday, Funds, U.S, Circuit, Appeals, National Venture Capital Association, American Investment Council, Alternative Investment Management Association, National Association of Private Fund, Trading Association, Gensler's SEC, Thomson Locations: Washington ,, New York

May 8 (Reuters) - PacWest Bancorp (PACW.O) shares pared early gains on Monday, dragging down other U.S. regional banking stocks, as the Los Angeles-based lender's decision to slash its quarterly dividend failed to stem worries about its financial stability. Other U.S. regional banks also retreated. REUTERS/Mike Blake/File Photo 1 2The KBW Regional Banking index (.KRX) fell 2.82% after gaining nearly 4.7%. But hedge funds, which often engage in short selling, pushed back on Monday, saying in a letter to Gensler that a ban would be counterproductive. Yellen said it is in the SEC's purview to regulate short selling although there is a high bar for any controls if evidence of market manipulation was found.

May 8 (Reuters) - PacWest Bancorp (PACW.O) shares pared early gains on Monday, dragging down other U.S. regional banking stocks, as the Los Angeles-based lender's decision to slash its quarterly dividend failed to stem worries about its financial stability. "The dividend cut is not a good sign," said Jamie Cox, managing partner at Harris Financial Group. Other U.S. regional banks also retreated. The KBW Regional Banking index (.KRX) fell 1.5% after gaining nearly 4.7%. "I have a general fear that smaller banks are going to disappear, and we're going to end up with just a few large banks."

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