Source: Fund Action

Mutual fund and fund provider officials and participants in certain kinds of defined contribution plans would be exempted from filing Report of Foreign Bank and Financial Accounts, or FBAR reports, under proposed rules published on Feb. 26 by the U.S. Treasury’s Financial Crimes Enforcement Network.

After months of debate, the U.S. Senate’s plans for U.S. financial regulation reform are set to leave the oversight of banks with more than $100 billion in assets in the hands of the Federal Reserve.

Source: Power Finance & Risk

Credit Suisse has hired JPMorgan veteran Guido Cerini to boost its profile in Latin America.