Emily's Feed
Jun 6, 2013

Fed’s Raskin calls for simpler capital rules, decries delays

WASHINGTON (Reuters) – A Federal Reserve official on Thursday will call on regulators to write simpler capital rules, saying delays in finishing up the requirements could hurt banks’ balance sheets.

Fed Governor Sarah Bloom Raskin said in remarks prepared for a speech at Ohio Bankers Day in Columbus that regulators should reduce market uncertainty by writing rules to implement the international capital accord known as Basel III.

Jun 4, 2013

Regulators propose scrutiny of AIG, Prudential, GE Capital

WASHINGTON (Reuters) – Regulators on Monday proposed designating American International Group Inc, Prudential Financial Inc and GE Capital for heightened regulatory oversight, in a long-anticipated move aimed at cracking down on risks to markets.

A group of regulators known as the Financial Stability Oversight Council said it had voted to propose dubbing certain non-bank financial companies “systemically important,” or so big their failure could destabilize financial markets.

Jun 4, 2013

U.S. regulators propose scrutiny of AIG, Prudential, GE Capital

WASHINGTON, June 3 (Reuters) – U.S. regulators on Monday
proposed designating American International Group Inc,
Prudential Financial Inc and GE Capital for heightened
regulatory oversight, in a long-anticipated move aimed at
cracking down on risks to markets.

A group of regulators known as the Financial Stability
Oversight Council said it had voted to propose dubbing certain
non-bank financial companies “systemically important,” or so big
their failure could destabilize financial markets.

Jun 4, 2013

U.S. regulators propose new oversight of AIG, Prudential

WASHINGTON (Reuters) – U.S. regulators on Monday proposed designating non-bank financial companies including American International Group (AIG.N: Quote, Profile, Research) and Prudential Financial (PRU.N: Quote, Profile, Research) for heightened regulatory oversight.

A group of regulators known as the Financial Stability Oversight Council said it had voted to propose dubbing certain companies “systemically important,” or so big their failure could destabilize financial markets, in a long-anticipated and controversial move aimed at cracking down on risks.

Jun 3, 2013

Regulators propose new oversight of AIG, Prudential

WASHINGTON (Reuters) – Regulators on Monday proposed designating non-bank financial companies including American International Group and Prudential Financial for heightened regulatory oversight.

A group of regulators known as the Financial Stability Oversight Council said it had voted to propose dubbing certain companies “systemically important,” or so big their failure could destabilize financial markets, in a long-anticipated and controversial move aimed at cracking down on risks.

Jun 3, 2013

Regulators propose set of non-banks for new oversight

WASHINGTON (Reuters) – Regulators on Monday proposed declaring that certain non-bank financial companies are so large their collapse could destabilize the financial system, in a long-anticipated and controversial move aimed at cracking down on risks to markets.

A final decision by the group of regulators, known as the Financial Stability Oversight Council, to dub companies “systemically important” would trigger extra regulatory scrutiny of those firms by the Federal Reserve.

Jun 3, 2013

U.S. regulators propose set of non-banks for new oversight

WASHINGTON, June 3 (Reuters) – U.S. regulators on Monday
proposed declaring that certain non-bank financial companies are
so large their collapse could destabilize the financial system,
in a long-anticipated and controversial move aimed at cracking
down on risks to markets.

A final decision by the group of regulators, known as the
Financial Stability Oversight Council, to dub companies
“systemically important” would trigger extra regulatory scrutiny
of those firms by the Federal Reserve.

May 21, 2013

U.S. Treasury’s Lew says foreign officials too critical on swaps rules

WASHINGTON, May 21 (Reuters) – Foreign countries are being
too critical and potentially hurting delicate negotiations with
U.S. regulators over how broadly they should apply new
over-the-counter derivatives rules to trades that cut across
borders, U.S. Treasury Secretary Jack Lew said on Tuesday.

Lew’s comments, made during testimony before the Senate
Banking Committee in a broad-ranging hearing on regulatory
issues, marked a rare occasion where he publicly waded into the
thorny debate over cross-border regulations for swaps.

May 15, 2013

Senate to hold vote on consumer watchdog director next week

By Emily Stephenson

(Reuters) – Senate Democratic leaders plan to hold a vote next week on President Barack Obama’s choice to lead the Consumer Financial Protection Bureau, a Senate Democratic aide said on Wednesday, but they are not expected to muster enough votes to confirm him.

Republicans have bitterly opposed the nomination of Richard Cordray, who has been leading the consumer agency since January 2012 in a temporary position, and Democrats are not expected to gather the 60 votes that would be needed to overcome Republican objections.

May 3, 2013

Fed’s Tarullo wants big banks to hold more capital

WASHINGTON (Reuters) – Banks’ limits on how much they can borrow should be tighter than what is called for under a global pact, a top Federal Reserve official said, as calls to cut the size of the largest banks continue.

Fed Governor Daniel Tarullo said that the limit, known as a leverage ratio, may have been set too low in Basel III, a worldwide agreement aimed at making banks safer after the devastating 2007-09 financial crisis.