By Sakthi Prasad in Bangalore (Reuters) – The U.S. Securities and Exchange Commission (SEC) has asked rating agency Standard & Poor’s (S&P) to disclose which employees knew of its decision to downgrade U.S. debt before it was announced last week, the Financial Times said, citing people familiar with the matter. […]

By Agency reporter The National Insurance Commission’s Steering Committee made up of chief executive officers of insurance companies has identified the strengthening of the agency system as a means of deepening compulsory insurance in the country. The committee agreed on this after a meeting to strategise on best ways to […]

By Nike Popoola The gale of change sweeping across the financial services sector may soon consume Pension Fund Administrators that fail to shore up their capital base from N150m to N1bn. The National Pension Commission had given the PFAs till June 30, 2012 to meet the new minimum capital balance. […]