Regulations & Financial Reform

• Members of Congress Urge SEC to Act on Rating Agency Reform
  The SEC held a roundtable May 14 to discuss a new system wherein an independent board would randomly assign initial ratings to nationally recognized statistical rating organizations (NRSROs). Needless to say, the concept generated many opinions. 
• Corporate Treasurers Wary of Floating NAV
  Corporate treasurers are highly skeptical about the merits of money-market funds switching to a floating net asset value. The general consensus among attendees at a recent roundtable was that Rule 2a-7 appears headed for an overhaul that is likely to include a floating NAV.
• Treasurers Take Note: FSOC Refining Focus
  The FSOC unanimously approved its third annual report recently, underscoring several systemic threats facing the financial system of interest to treasurers, including market runs, cyberattack vulnerabilities, interest-rate reform and overreliance on intraday credit extensions.
• Ex-FDIC Chair Sheila Bair: Floating NAV is ‘the Best Thing’
  How does ex-FDIC Chair Sheila Bair think money-market mutual funds should be restructured, and why? A keynote speaker at the upcoming 2013 AFP Annual Conference, Bair didn't mince words when asked.
• A Treasurer’s Advice on Implementing E-Healthcare Payments
  With the Patient Protection and Affordable Care Act (PPACA) due to take full effect in 2014, treasurers for health plans are scrambling to implement electronic payments and remittances so their organizations can deliver mandated electronic funds transfer (EFT) and electronic remittance advice (ERA) to providers.