Financial Regulatory Forum

U.S. House panel passes derivatives overhaul in big step for Obama

By Reuters Staff
October 16, 2009

By Kevin Drawbaugh and Charles Abbott

WASHINGTON, Oct 15 (Reuters) – The Obama administration scored its first financial regulation reform victory in months on Thursday when a U.S. congressional committee approved new regulations for over-the-counter derivatives.

US House panel approves new derivatives rules

By Reuters Staff
October 15, 2009

WASHINGTON, Oct 15 (Reuters) – New rules for the largely unpoliced, $450-trillion over-the-counter derivatives market were approved by a key U.S. congressional committee on Thursday in a win for the Obama administration.

Financial reforms gain traction in U.S. Congress

By Reuters Staff
October 14, 2009

Committee Chairman Edolphus Towns (D-NY) (C), ranking member Rep. Darrell Issa (R-CA) (L) and Rep. Dennis Kucinich (D-OH) (R) talk to reporters after testimony by U.S. Federal Reserve Chairman Ben Bernanke about his role in Bank of America's acquisition of Merrill Lynch, at a hearing of the House Oversight and Government Reform Committee on Capitol Hill in Washington, June 25, 2009.    REUTERS/Jonathan Ernst    (UNITED STATES POLITICS BUSINESS) By Kevin Drawbaugh
WASHINGTON, Oct 14 (Reuters) – A senior U.S. lawmaker lashed out anew over the rich pay packages awarded to executives of bailed-out banks on Wednesday, as Congress took steps to move ahead on financial regulatory reform.

New U.S. derivatives bill addresses end user concerns

By Reuters Staff
October 9, 2009

U.S. Rep. Collin Peterson (D-MN), chairman of the House Agriculture Committee, answers reporters' questions on his views of the relationship between the U.S. Federal Reserve and Wall Street, at the Reuters Financial Regulation Summit  in Washington, April 27, 2009.  REUTERS/Mike Theiler  (UNITED STATES POLITICS BUSINESS) By Kevin Drawbaugh and Christopher Doering
WASHINGTON, Oct 9 (Reuters) – The chairman of the U.S. House of Representatives Agriculture Committee on Friday unveiled a draft bill on regulation of over-the-counter derivatives that differs in some key respects from bills drawn up elsewhere in the House and by the Obama administration.

U.S. firms that hedge risk win reprieve on derivatives rules

By Reuters Staff
October 7, 2009

By Charles Abbott and Rachelle Younglai
WASHINGTON, Oct 7 (Reuters) – Congress’ chief architect on financial regulation said on Wednesday companies that use derivatives to hedge their risk would not be forced to comply with all the new rules for the $450 trillion private swaps market.
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US House to act on financial reform in November – Hoyer

October 6, 2009

House Majority Leader Rep. Steny Hoyer (file photo).  WASHINGTON, Oct 6 (Reuters) – The U.S. House of Representatives is expected to debate financial regulatory reform next month, Democratic leader Steny Hoyer said on Tuesday.

OTC derivative end-users exempted in draft US bill

By Reuters Staff
October 5, 2009

REGULATION-SUMMIT/

WASHINGTON, Oct 5 (Reuters) – A wide swath of end-users of over-the-counter derivatives contracts would be exempted from new rules requiring centralized clearing under draft legislation circulating in the U.S. Congress on Monday.

Lift seen for Obama financial reform on Fed shift

October 2, 2009

Federal Reserve Chairman Ben Bernanke testifies before the House Financial Services Committee on financial regulatory reform on Capitol Hill in Washington October 1, 2009. REUTERS/Richard Clement (UNITED STATES BUSINESS POLITICS) By Kevin Drawbaugh
WASHINGTON, Oct 1 (Reuters) – The Obama administration’s plan to form a “systemic risk” regulator for the economy looked more likely to win congressional approval after lawmakers noted a change in tone by the Federal Reserve on Thursday.

Rep. Frank revises planned U.S. consumer agency bill to meet business demands

By Reuters Staff
September 25, 2009

REGULATION-SUMMIT/ By Karey Wutkowski and Rachelle Younglai
WASHINGTON, Sept 25 (Reuters) – Powerful U.S. lawmaker Barney Frank bowed to some of the financial industry’s demands and softened parts of his bill to create an agency to protect consumers from risky financial products, according to a copy of the draft bill first obtained by Reuters on Friday.