The Wall Street Journal says the money market industry “would be wise to work with” Securities and Exchange Commission officials on reporting floating values “before it suffers a worse fate” at the hands of Treasury Secretary Timothy Geithner and the Financial Stability Oversight Council.
High-frequency trading threatens markets with volatility, Roger Lowenstein writes in the The New York Times, arguing that such trades should face steep taxes and be considered “electronic errors” in some cases.
Executives say insurers face challenges in finding committed younger employees who will stick around long enough to become future leaders in the industry, PropertyCasualty360 reports.
Clive Crook, writing at Bloomberg, advises gradual, long-term changes and “loose” monetary policy rather than “ham-fisted austerity” in repairing the world economy.