This morning the House Oversight Committee held a hearing on the role credit rating agencies played in the financial crisis. Besides this short summary of the hearing, InvesGuard also live blogged here.

The witnesses included: Read the rest of this entry »

The Netherlands Bankers’ Association will implement a code of conduct for banks next year that will limit the level of bonuses. Starting Jan. 1, bonuses for board members can’t exceed their fixed income by more than 100%, and bonuses could be clawed back “if long-term targets will not be met.

France and Germany have moved to limit the size of banks and bonuses paid to executives. Read the rest of this entry »