Financial Regulatory Forum

Senior US senator favors bank super-cop idea -aide

September 21, 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. Kennedy died late Tuesday after a battle with cancer. REUTERS/Brian Snyder    (UNITED STATES POLITICS OBITUARY)By Kevin Drawbaugh
WASHINGTON, Sept 20 (Reuters) – The U.S. Senate’s top legislator on financial regulation favors reducing the number of bank supervisory agencies more sharply than the Obama administration proposes, said a senior Senate aide on Sunday.

Obama to urge regulatory reform in Lehman anniversary speech

September 11, 2009

The exterior of the world headquarters for Lehman Brothers is seen in New York September 15, 2008,  after the firm filed for bankruptcy protection. Lehman was one of the biggest investment banks to collapse since 1990 when Drexel Burnham Lambert filed for bankruptcy protection amid a collapse in the junk bond market.   REUTERS/Shannon Stapleton (UNITED STATES) WASHINGTON, Sept 11 (Reuters) – President Barack Obama’s speech in New York on Monday will focus on financial reform and the need to strengthen the system to avoid another economic collapse, the White House said on Friday.

Obama: G20 must lay groundwork for growth

September 9, 2009

U.S. President Barack Obama (L) and Vice President Joseph Biden walk toward the Oval Office at the White House in Washington September 8, 2009.    REUTERS/Larry Downing By Jeff Mason
WASHINGTON, Sept 8 (Reuters) – U.S. President Barack Obama laid out a broad vision on Tuesday for the upcoming G20 meeting he will host, saying the world’s biggest economies must “lay the groundwork” for sustainable economic growth in the future.

Obama renominates Bernanke, says U.S. Fed chief braked “economic freefall”

August 25, 2009

U.S. President Barack Obama nominates Federal Reserve Chairman Ben Bernanke (R) for a second term, in Oak Bluffs, Massachusetts on the island of Martha's Vineyard August 25, 2009. REUTERS/Jason Reed   (UNITED STATES BUSINESS POLITICS) By Ross Colvin and Patricia Zengerle
OAK BLUFFS, Mass., Aug 25 (Reuters) – U.S. President Barack Obama nominated Ben Bernanke to a second term as Federal Reserve chairman on Tuesday, entrusting him with guiding the economy out of the worst downturn since the Great Depression.

Obama to reappoint Bernanke to lead Fed – official

August 25, 2009

Chairman of the Federal Reserve Ben Bernanke testifies before the Senate Banking, Housing and Urban Affairs Committee on Capitol Hill in Washington July 22, 2009.  By Patricia Zengerle and Ross Colvin
OAK BLUFFS, Mass., Aug 24 (Reuters) – U.S. President Barack Obama will reappoint Ben Bernanke for a second term as chairman of the Federal Reserve on Tuesday, a senior administration official said on Monday.