fiduciary issue


Also found in: Financial.
Related to fiduciary issue: fiat money

fiduciary issue

n
(Economics) an issue of banknotes not backed by gold
References in periodicals archive ?
Supreme Court Decision Highlights Fiduciary Issue for ESOP Companies
By design, a currency board has no discretionary monetary powers and cannot engage in the fiduciary issue of money.
In the past year I have often discussed the UK's parlous financial state compared with that of other countries and I have been astonished that so many younger financial experts, bankers and accountants have never heard of the fiduciary issue.
This is a fiduciary issue since it can result in an inappropriate transfer of organization resources from the organization's principals to its management.
Although the aspects of proxy voting outlined to this point have been primarily administrative in nature, no account of proxy voting could be complete without a discussion about why some trustees view proxy voting as an investment issue as well as a fiduciary issue.
In July, with foreigners storming its gold reserve, the Bank of England shielded the domestic credit system by purchasing securities on the open market, by arranging a 50 million pounds credit with the Federal Reserve Bank of New York and the Bank of France, and by transferring securities from the Banking to the Issue Department to provide for new fiduciary issue.
A clear theme that emerged during the editors' deliberations for the IA 25 was that this might be the year when the fiduciary issue is addressed in a significant and perhaps final way by the SEC and the Department of Labor.
Unlike the House version, the Senate bill calls for a study of the fiduciary issue by the SEC.
Last week Bank of America Merrill Lynch (BofA) executive Sallie Krawcheck acknowledged BofA's involvement with legislators on the fiduciary issue.
Rachel advises clients regarding the corporate, tax and fiduciary issues relating to ESOPs.
LLCs are more flexible than partnerships with regard to many important legal issues, including key fiduciary issues.
This sixth edition offers expanded material on case law and regulatory developments in areas such as fiduciary issues unique to health plans, excessive fee litigation, stock drop cases, the need to limit fiduciary status, and suits brought against fiduciaries under ERISA's catchall civil enforcement provision.