Exact(3)
Nine institutions have not offered global settlements, Mr. Cremades said, though talks are continuing with some firms.
The one area where the policy change may have an impact is in cases involving violations of the Foreign Corrupt Practices Act because the Justice Department and the S.E.C. share jurisdiction and frequently enter into global settlements to resolve both the criminal and civil investigations.
SDRs were pushed for global settlements and the price of gold (for trade among central banks only) was changed slightly.
Similar(57)
"There was no global settlement," he said.
"A global settlement -- rhetorically, it sounds great.
A global settlement was always unlikely and quickly became impossible.
"This was not just a settlement of a tax certiorari, it was a global settlement.
"I think a good global settlement will be good for everybody," Mr. Dimon said.
But the state may not be interested in a so-called global settlement.
"There was never a global settlement that all parties agreed to," Mr. Watson said.
"Our goal had been to get a total global settlement," he said.
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