McDonough, a former executive of First Chicago, did a 10-year stint as head of the Federal Reserve Bank of New York before becoming the first chairman of the Public Company Accounting Oversight Board, a U.S. regulatory entity overseeing the accounting profession, in 2003.
McDonough, a former executive of First Chicago, did a 10-year stint as head of the Federal Reserve Bank of New York (nyse: BK - news - people ) before becoming the first chairman of the Public Company Accounting Oversight Board, a U.S. regulatory entity overseeing the accounting profession, in 2003.
Her last job was as chief executive officer of the Financial Industry Regulatory Authority, the entity that regulates stock brokerages and stockbrokers.
The NYSE is to spin off its regulatory arm into a separate, not-for-profit entity, removing potential conflicts of interest.
Legal Entity Identifers are the first concerted effort to develop a regulatory response to the financial crisis of 2008 by developing a globally accepted unique identifier for firms and subsidiaries.
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"A cynical perception has evolved among brokers that because of its need to maximize profits as a listed entity, the exchange has become lax in performing its regulatory duties, " says R.
Now, with regulatory hurdles firmly out of the way, this newly created corporate entity (which will assume the T-Mobile US branding) will combine all PCS, AWS-1 and 700MHz spectrum licenses across 248 Cellular Market Areas.
In any regulatory challenge or crisis, businesses have to make separate assessments of each public entity with which they must deal.
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The exchange's regulatory function would be spun out as a separate, non-profit, private entity with its own management and board.
Although one company - ITV plc - now owns all the regional stations based in England and Wales, some aspects of the regulatory system date back to the days when each station in the network was a distinct entity.
In that regard, utility deals need approval from the public service commissions of each jurisdiction in which the combined entity is to do business, as well as the Securities and Exchange Commission, the Federal Energy Regulatory Commission and the Federal Trade Commission.
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