Financial Regulatory Forum

“Don’t fight the Fed” gets new meaning in Senate debate

By Reuters Staff
May 13, 2010

By Rachelle Younglai and Kristina Cooke

WASHINGTON/PHILADELPHIA, May 12 (Reuters) – The shaping of the U.S. financial reform bill has given a new meaning to the old market adage “Don’t Fight the Fed.”

U.S. Senate panel nears agreement on role of Fed

By Reuters Staff
January 6, 2010

By Rachelle Younglai

WASHINGTON, Jan 6 (Reuters) – As Congress moves to reform U.S. financial regulation, key senators are nearing bipartisan agreement on stripping the Federal Reserve of its authority to supervise banks, two people familiar with the matter said.

S.Korea bank supervision law clears hurdle; regulator upset

December 7, 2009

    SEOUL, Dec 7 (Reuters) – A bill to hand South Korea’s central bank a role in supervising banks cleared a big hurdle on Monday, earning immediate rebuke from the top financial regulator. (more…)

Britain’s financial reform faces carve-up threat

By Reuters Staff
November 18, 2009

Britain's Prime Minister Gordon Brown (L) and Leader of the opposition Conservative Party David Cameron walk through the Members' Lobby of the Houses of Parliament before the State Opening of Parliament, in central London November 18, 2009.      REUTERS/Dominic Lipinski/Pool    LONDON, Nov 18 (Reuters) – Britain’s opposition Conservative Party said it would ditch the core of a financial sector reform bill if it wins power next year, but lawyers expect other parts such as curbs on bankers’ pay would be introduced.
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UK urged to ready veto on EU bank supervision plan

By Reuters Staff
November 16, 2009

By Huw Jones
LONDON, Nov 16 (Reuters) – A sweeping European Union reform of financial supervision could turn into a muddle which Britain should veto unless there are tougher national safeguards, a UK parliamentary report said on Monday.

U.S. bank industry groups oppose super bank cop

By Reuters Staff
October 20, 2009

WASHINGTON, Oct 20 (Reuters) – Two major bank industry groups said on Tuesday they oppose a congressional proposal to consolidate federal banking supervision into one regulator. The American Bankers Association and the Independent Community Bankers of America jointly sent a letter to lawmakers saying that maintaining multiple federal regulators provides a helpful range of regulatory perspectives and is a healthy check against any one regulator neglecting its duties.

Key US senator determined to create super bank cop

By Reuters Staff
September 29, 2009

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.

G20 must implement bank supervision measures – Saudi

By Reuters Staff
September 2, 2009

Muhammad al-Jasser, governor of the Saudi Arabian Monetary Agency (SAMA), gestures during a news conference in Riyadh September 1, 2009. JEDDAH, Sept 2 (Reuters) – Group of 20 developed countries must stick to banking oversight regulations agreed in the wake of the global financial crisis to avoid a future credit crunch, Saudi Arabia’s central bank governor told the local press agency, citing concerns over backsliding.

U.S. financial regulators stake out turf defenses

By Reuters Staff
July 24, 2009

U.S. Treasury Secretary Timothy GeithnerBy Kevin Drawbaugh
WASHINGTON, July 24 (Reuters) – Senior U.S. financial regulators defended their turf in remarks to be delivered on Friday at a congressional hearing on the Obama administration’s sweeping regulatory reform agenda. (more…)