- Greece Warns Bailout Rebels of Dangerous Path
- Greek Cabinet Approves EU, IMF Bailout Bill
- Iran to Announce 'Very Important' Nuclear Progress
- We're Not Greece: Italian Prime Minister Monti
- S&P Lowers Ratings on 34 Italian Banks
- Private Homebuilders in the US: Dead Men Walking
- Dividend Payout Could Hit Record Amount This Year
- With Investors So Bullish, Stock Pullback Must Be Ahead
- Obama Likely to Call for Cutting Top Corporate Tax Rate
- In Search of America's ‘Hottest Forecasters’
- Dow vs. S&P 500: Which is a Better Investment?
- Mick Fleetwood on the MP3 ‘Dumbing Down’ of Music
- Avis on the Road to Strong Growth: Analyst
- Private Homebuilders: Dead Men Walking
- LinkedIn’s Growth Is Already Priced In: Analyst
- The Real Reason Behind Bank of America’s Rally
- 5 Hedge Funds’ Top Stocks Soar After 2011 Rout
- This Valentine’s Day Love Is Served on a Silver Platter
MOST POPULAR
HOT ON FACEBOOK
SEC, CFTC Formalize Cooperation Agreement
Text Size 
Securities and Exchange Commission Chairman Christopher Cox said Tuesday that the SEC's agreement with the Commodity Futures Trading Commission brings the two regulatory bodies closer to integrating their responsibilities.
"What the SEC and CFTC have done today is going to take us far down the road toward integration of our regulatory responsibilities even without any legislative change," Cox said in an exclusive interview with CNBC.
"We are using our existing legal authorities to integrate to the maxium extent possible what our agencies do, not just on the development of new products, but also in the enforcement and examination areas," Cox said.
Earlier, Cox told reporters the SEC was comfortable with capital levels at the five largest investment banks, including Bear Stearns.
"We are reviewing the adequacy of capital at the holding company level on a constant basis, daily in some cases," Cox said, according to a Reuters report.
"We have a good deal of comfort about the capital cushions that these firms have been on," he said. On Monday, speculation that Bear Stearns was facing a cash crunch drove its stock down to a five-year low of $60.34. The investment bank moved to quash the rumors, saying its balance sheet, liquidity and capital remained strong.
Bear Stearns [BSC
Loading...
()
] shares extended losses on Tuesday, falling more than 10 percent to $55.85 on the New York Stock Exchange. Under a supervisory program, the SEC is in contact with investment banks Bear Stearns, Morgan Stanley [MS
Loading...
()
]]] ]
The program is designed to allow the SEC to monitor and respond quickly to any financial and operational weakness in the companies.
-Reuters contributed to this report.
- Marketing clichés aside, sometimes diamonds are for investing.
- The ‘Fast Money’ traders weigh in on fashion related stocks from apparel to footwear.
- This list of the 10 most active cities for speed traps was compiled by Trapster.com. See if your town is there.
- This Valentine’s Day should prove a love fest for restaurants, as many couples will be dining out.
- Here’s a look at Westminster Kennel Club’s most successful breeds—and how much they cost.
- What kind of homes do celebrity couples share? Here’s our updated list. Take a look.
Data is a real-time snapshot *Data is delayed at least 15 minutes
