Financial Regulatory Forum

Key US senator determined to create super bank cop

Reuters Staff
Sep 29, 2009 19:40 UTC
bank regulator | bank supervision | christopher dodd | comptroller of the currency | federal deposit insurance corp | federal reserve | financial regulation | john dugan | office of thrift supervision

U.S. Senator Christopher Dodd (D-CT) speaks in front of his close friend Senator Edward Kennedy's casket during a "Celebration of Life Memorial Service" for Kennedy at the John F. Kennedy Library and Presidential Museum in Boston, Massachusetts August 28, 2009. By Karey Wutkowski
WASHINGTON, Sept 29 (Reuters) – A senior U.S. Democratic senator said on Tuesday he is moving forward with his effort to consolidate bank supervision into a single federal regulator, despite criticism from current bank regulators who do not want to lose power.

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FDIC chief warns against single U.S. bank regulator

Reuters Staff
Sep 1, 2009 15:25 UTC
bank regulator | banking | consumer financial protection agency | FDIC | FED | federal deposit insurance corp | financial regulatory system | sheila bair

Federal Deposit and Insurance Corporation (FDIC) Chairman Sheila Bair addresses the HOPE Global Financial Literacy Summit at a community center in Washington June 17, 2009. REUTERS/Jonathan Ernst Sept 1 (Reuters) – A single regulator for all U.S. banks is not the solution to streamline the financial regulatory system, Federal Deposit Insurance Corp Chairman Sheila Bair wrote in an opinion column in the New York Times.
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