Neil Roland

Washington, D.C.

Senior Correspondent at MLex Market Insight

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Articles

US Senate bill targets PCAOB for 'political and ideological’ reasons, experts say

2 days ago | mlex.com | Neil Roland

By Neil Roland ( June 5, 2025, 20:32 GMT | Insight) -- The US Senate budget reconciliation bill would fold the Public Company Accounting Oversight Board into the Securities and Exchange Commission for “political and ideological” rather than fiscal reasons, 46 experts said in a letter to senior lawmakers. “The PCAOB-SEC transfer proposal is an illusory budget solution,” the letter said.
US SEC’s Atkins acknowledges $300 million shortfall in absorbing PCAOB

3 days ago | mlex.com | Neil Roland

By Neil Roland ( June 4, 2025, 21:08 GMT | Insight) -- US Securities and Exchange Commission Chair Paul Atkins acknowledged a $300 million budget shortfall in absorbing the Public Company Accounting Oversight Board if the independent audit overseer is folded into the SEC but said the commission “won’t miss a beat.” Under questioning from Maryland Senator Chris Van Hollen, Atkins said the SEC has $100 million in savings from voluntary employee departures in recent months.
US SEC to 'push back' on EU's human rights, climate directive, Atkins says

3 days ago | mlex.com | Neil Roland

By Neil Roland ( June 4, 2025, 19:28 GMT | Insight) -- US Securities and Exchange Commission Chair Paul Atkins told lawmakers he will “push back” on a 2024 EU directive on human rights and climate change.
US banking lobby calls on Fed to 'recognize liquidity value' of prepositioning collateral

1 week ago | mlex.com | Neil Roland

By Neil Roland ( May 29, 2025, 21:10 GMT | Comment) -- Comment: A major US banking group has called for the Federal Reserve to “recognize the liquidity value” of having banks preposition collateral at its discount window in the wake of the 2023 banking failures – echoing somewhat a position of the global Bank for International Settlements.
US CFTC member Romero’s farewell remarks warn of regulatory swing risks

1 week ago | mlex.com | Neil Roland

By Neil Roland ( May 27, 2025, 21:25 GMT | Insight) -- US Commodity Futures Trading Commission member Christy Goldsmith Romero delivered farewell remarks after 23 years of public service, warning of risks to US markets of swings in regulatory agendas.
US appeals court questions suggest CFPB to be left in tatters

2 weeks ago | mlex.com | Neil Roland

By Neil Roland ( May 19, 2025, 14:26 GMT | Comment) -- US appeals court judges fired skeptical questions at the union lawyer challenging the Trump administration’s mass layoffs at the US Consumer Financial Protection Bureau – suggesting that the beleaguered agency will be left withered and dry.
US CFTC acting Chair Pham accuses agency of 'malicious' 2023 campaign against her

3 weeks ago | mlex.com | Neil Roland

By Neil Roland ( May 14, 2025, 19:53 GMT | Insight) -- Caroline Pham, the acting US Commodity Futures Trading Commission chair, expressed outrage that the agency engaged in a “malicious campaign” against her when she voiced concerns about its handling of a 2023 enforcement case.
US SEC mulling exemptions for use of distributed ledger technology to issue securities

1 month ago | mlex.com | Neil Roland

By Neil Roland ( May 8, 2025, 21:38 GMT | Insight) -- The US Securities and Exchange Commission is considering an exemptive order to let firms using a blockchain or other distributed ledger technology issue, trade and settle securities, said Commissioner Hester Peirce, head of the agency’s cryptocurrency task force.
House Budget Committee to weigh plan to chop US CFPB funding, end independent PCAOB

1 month ago | mlex.com | Neil Roland

By Neil Roland ( May 1, 2025, 22:30 GMT | Insight) -- The Republican-controlled House Budget Committee will consider a fiscal 2025 tax-and-spending plan that slashes funding for the US Consumer Protection Bureau by 70 percent and dismantles the independent Public Company Accounting Oversight Board.
US auditing watchdog would be broken up under House Republican bill

1 month ago | mlex.com | Neil Roland

By Neil Roland ( April 28, 2025, 21:01 GMT | Insight) -- A House Republican bill has been introduced to dismantle a 23-year-old US auditing watchdog, created after the Enron collapse, and fold its duties into the shrinking US Securities and Exchange Commission. The House Financial Services Committee legislation would scrap a levy on listed companies and broker-dealers that funds the Public Company Accounting Oversight Board and transfer its duties to the SEC.