Word: donaldson
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...interview after a panel about the partnership between government and business, former chairman of the Securities and Exchange Commission William H. Donaldson spoke about two regulations he viewed as absolutely necessary in the aftermath of the financial crisis: regulating the credit rating agencies—which he said didn’t pay enough attention to liquidity standards—and regulating exchanges of swaps and other derivatives, assets whose value is based on the value of other assets...
...According to Donaldson, the derivative market requires a clearinghouse that would record and clear transactions, thus leading to greater transparency and accountability...
...prospects for undergraduates, Donaldson was subdued but relatively optimistic...
...little appetite for adding powers to an agency like the SEC: In 1998, when the Commodity Futures Trading Commission proposed regulating the burgeoning derivatives market, the banking lobby, with some help from hedge funds and investment banks, quickly thwarted the measure. And Cox's predecessor at the SEC, William Donaldson, encountered stiff opposition when he tried to push more pro-shareholder measures and subject hedge funds to more oversight. When a court struck down Donaldson's hedge fund registration rule, Cox announced that the SEC would not seek to appeal the ruling - he took the same no-appeal tact when...
...before leaving to start Blackstone with former Lehman chief executive Peter G. Peterson in 1985 with a $400,000 balance sheet. As of June 30 of this year, Blackstone had a total of $119.4 billion of assets under management. Light will accompany Richard Jenrette, the founder of investment bank Donaldson, Lufkin & Jenrette; Brian Mulroney, the former prime minister of Canada; and William Parrett, the chief executive of the professional services firm Deloitte Touche Tohmatsu as one of four independent directors on the board. —Staff writer Prateek Kumar can be reached at kumar@fas.harvard.edu...