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| Industry Update | | |
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- Investors are heartened by rising bond yields
Corporate-pension executives and other institutional investors are welcoming an increase in corporate-bond and U.S. Treasury yields, which is coming sooner than expected. If yields keep rising, the trend will open the door to more corporate defined-benefit plans, reducing long-term obligations through lump-sum distributions or the purchase of group-annuity contracts to transfer pension risk, experts say. Pensions & Investments (free registration)
(2/4)      
- Continuing success of FSOC depends on new Treasury secretary
As Treasury secretary, Timothy Geithner made the Financial Stability Oversight Council a priority, but it remains to be seen whether Jack Lew, President Barack Obama's nominee to succeed Geithner, will be as dedicated to making the council work. "It is very much an open question of how attentive he will be with FSOC, whether he will delegate a greater responsibility to his staff or to the deputy Treasury secretary," said Satish Kini, co-chair of Debevoise & Plimpton. "I think we will probably see Secretary Lew less involved in some of the details it appears that Secretary Geithner was." AmericanBanker.com (free registration)
(2/4)
- Conflicts of interest at the top stymie SEC prosecution
For the Securities and Exchange Commission to prosecute a case, three out of five commissioners must agree. But, as more commissioners recuse themselves from cases, those votes get harder to come by. Analysts say that cases involving more than 20 companies affect at least one commissioner, and that number is set to rise as the Dodd-Frank Act increases the SEC's regulatory scope. The Wall Street Journal
(2/4)
- Analysis: Companies increasingly prefer private funding
Daniel Gorfine and Ben Miller write that companies are abandoning the world of public debt and equity, and turning instead to private issuance, which rose 31% between 2009 and 2010. Volatility and extreme regulation make the markets less appealing than the newly streamlined private capital markets, they write. The Wall Street Journal
(2/4)
| New York Focus | | |
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| Career Development | | |
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- How to tap talents you didn't know your workers had
Managers who spend time getting to know their workers, who are more open to the initiatives that their workers suggest and who push people to take more responsibility for their projects may find those workers have skills they never knew existed, Laura Vanderkam writes. CBS MoneyWatch
(1/31)
| On The Economy | | |
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| Financial Products | | |
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- Thornburg creates retirement-plan share classes for 2 funds
Thornburg Investment Management added R-share classes for two funds. The classes aim to help retirement-plan sponsors comply with U.S. Labor Department fee-disclosure rules for defined-benefit and -contribution pensions. The classes are available for the Developing World Fund and the International Growth Fund. PlanAdviser.com
(2/1)
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 | Failure changes for the better, success for the worse."
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Roman philosopher, statesman and playwright
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