Exclusive: SEC official dissented on BNP Paribas waiver

World News: . []

BNP Paribas sign is pictured on a building of the bank in GenevaBy Sarah N. Lynch WASHINGTON (Reuters) - An official at the U.S. Securities and Exchange Commission (SEC) broke ranks with other commissioners, and voted against granting BNP Paribas a critical waiver to continue operating several investment advisory units in the United States. Kara Stein, a Democratic SEC commissioner who has recently demanded more accountability for big banks who break the law, was the sole dissenting vote on Monday on the temporary waiver, according to a document made public this week. BNP's application was granted the same day that BNP, France's largest bank, pleaded guilty to criminal charges it violated U.S. sanctions. The temporary waiver will become permanent, unless an "interested person" in the matter is granted a hearing.


Read More: http://news.yahoo.com/exclusive-sec-official-dissented-bnp-paribas-waiver-204331593--sector.html

Published: .

Search for other references to "exclusive" on SPi News


Share

Previous StoryNext Story

SPi News is published by Sector Publishing Intelligence Ltd.
© Sector Publishing Intelligence Ltd 2018. [Admin Only]
 
Sector Publishing Intelligence Ltd.
Agriculture House, Acland Road, DORCHESTER, Dorset DT1 1EF United Kingdom
Registered in England and Wales number 0751938.
 
Privacy Policy | Terms and Conditions | Contact Us