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Search resuls for: "New Securities"


3 mentions found


☆ SEC Chair Gary Gensler defends controversial clawback rule, saying it won't stop companies from going public
  + stars: | 2022-10-28 | by ( Chelsey Cox | ) www.cnbc.com   time to read: 1 min
A new Securities and Exchange Commission rule that would allow the agency to reclaim bonuses from certain executives should not discourage companies from going public, SEC Chair Gary Gensler said Friday. The "clawback rule" broadens SEC regulators' authority to recover incentive-based compensation to current and former executives of public companies that was awarded based on errors in their financial statements. Gensler told CNBC's "Squawk Box" that the agency is following through on a rule mandated by Congress. "This was a straightforward thing that Congress said," Gensler said. "If you've got the wrong faulty financials and somebody's getting paid on those faulty financials, then they ought not keep the money.
☆ U.S. Treasury asks major banks if it should buy back bonds
  + stars: | 2022-10-14 | by ( Karen Brettell Davide Barbuscia | Karen Brettell | Davide Barbuscia | ) www.reuters.com   time to read: +4 min
Oct 14 (Reuters) - The U.S. Treasury Department is asking primary dealers of U.S. Treasuries whether the government should buy back some of its bonds to improve liquidity in the $24 trillion market. The Treasury is also querying whether reduced volatility in the issuance of Treasury bills as a result of buybacks made for cash and maturity management purposes could be a "meaningful benefit for Treasury or investors." But it let that exclusion expire and big banks had to resume holding an extra layer of loss-absorbing capital against Treasuries and central bank deposits. The Treasury Borrowing Advisory Committee, a group of banks and investors that advise the government on its funding, has said that Treasury buybacks could enhance market liquidity and dampen swings in Treasury bill issuance and cash balances. The Treasury is posing the questions as part of its regular survey of dealers before each of its quarterly refunding announcements.
☆ US Treasury asks major banks if it should buy back U.S. government bonds
  + stars: | 2022-10-14 | by ( ) www.reuters.com   time to read: +2 min
Oct 14 (Reuters) - The U.S. Treasury Department is asking primary dealers of U.S. Treasuries whether the government should buy back some U.S. government bonds to improve liquidity in the $24 trillion market. Investors are worried about rising volatility in bonds as the Federal Reserve rapidly raises interest rates to bring down inflation. The Treasury is also querying whether reduced volatility in the issuance of Treasury bills as a result of buybacks made for cash and maturity management purposes could be a "meaningful benefit for Treasury or investors." The Treasury Borrowing Advisory Committee (TBAC), a group of banks and investors that advise the government on its funding, has said that Treasury buybacks could enhance market liquidity and dampen swings in Treasury bill issuance and cash balances. The Treasury is posing the questions as part of its regular survey of dealers before each of its quarterly refunding announcements.
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