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NEWS TICKER: FRIDAY, MAY 29th: CONCERNS raised by a whistleblowing Royal Navy submariner over the safety of the Clyde-based Trident nuclear weapons system are unfounded, Defence Secretary Michael Fallon has said - PROPOSALS unveiled by the UK government to hand more powers to Scotland “fall short in almost every area”, Nicola ¬Sturgeon has told MSPs. The First Minister insisted that the measures in the Scotland Bill published at Westminster today do not live up to the proposals of the original Smith Commission recommendations on more powers for Holyrood after the referendum No vote. Ms Sturgeon said MSPs would be unable to scrap the bedroom tax without Westminster’s permission because UK ministers would hold up to eight vetoes under the terms of the bill. The SNP leader called on all parties at Holyrood to mount a campaign for an enhanced package at First Minister Questions. “The UK government had a very clear test today to deliver a bill which lived up in spirit and in letter to the Smith Commission,” she says -

Mary Jo White sworn in as US SEC chair

Tuesday, 18 June 2013
Mary Jo White sworn in as US SEC chair Mary Jo White was sworn in this morning as the 31st Chair of the United States' Securities and Exchange Commission. White was nominated to be chair by President Obama in early February this year, and her appointment was confirmed by the US Senate on April 8th. http://www.ftseglobalmarkets.com/

Mary Jo White was sworn in this morning as the 31st Chair of the United States' Securities and Exchange Commission. White was nominated to be chair by President Obama in early February this year, and her appointment was confirmed by the US Senate on April 8th.

White specialised in prosecuting complex securities and financial institution frauds and international terrorism cases when she served as the US Attorney for the Southern District of New York from 1993 to 2002. Under her leadership, the office earned convictions against the terrorists responsible for the 1993 bombing of the World Trade Center and the bombings of American embassies in Africa. 

White is expected to be a tough chair and will likely pursue strict adherence to the plethora of new laws affecting the US financial markets in the wake of Dodd Frank.  Her immediate predecessors, such as Mary Schapiro, showed themselves to be adept litigators, encouraging the SEC, which had faltered for years as an effective regulator under the previous Republican administration, to finally bear its teeth. Expect no let up in pace from White.

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