The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:New Gov't Reports Will Shed Some Light on Securities Lending Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, March 16, 2011

New Gov't Reports Will Shed Some Light on Securities Lending

News summary by MFWire's editors

Two government reports slated to be released today will offer guidance for sponsors and participants on securities lending in 401(k) plans, the Wall Street Journal reports.

The Senate Special Committee on Aging and the Government Accountability Office conducted separate investigations into securities lending and how the practice affects plan sponsors and participants. Specifically, the Senate Aging Committee surveyed the 30 largest 401(k) plans, asking them to provide data about their plans from 2006 through 2010 and according to its report, more than one-third of sponsors said they had been restricted at the plan level from withdrawing from at least one investment option that participated in securities lending.

The Senate Aging Committee will reportedly recommend that sponsors provide plan participants with clearer disclosures about securities lending in their plan options. It also will ask the Labor Department to develop tools and guidance for sponsors on securities lending, and recommend that companies engaged in securities lending report information on their practices to the Securities and Exchange Commission and bank regulators. 

Edited by: Hung Tran

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2020: Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2020
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use