Financial Regulatory Forum

Special bankruptcy court for banks mulled in U.S. Senate

By Reuters Staff
January 12, 2010

By Rachelle Younglai

WASHINGTON, Jan 11 (Reuters) – Key U.S. senators are considering the creation of a special bankruptcy court for troubled financial services firms, a person familiar with the plans said on Monday.

Johnson seen taking over as U.S. Senate banking panel chief

By Reuters Staff
January 7, 2010

By Karey Wutkowski and Rachelle Younglai

WASHINGTON, Jan 6 (Reuters) – South Dakota Democratic Senator Tim Johnson, a champion of community banks and credit card companies, is expected to take over the chairmanship of the influential U.S. Senate Banking Committee in 2011.

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.

Banking chief Dodd to leave US Senate

January 6, 2010

By Thomas Ferraro and Steve Holland

WASHINGTON, Jan 6 (Reuters) – Veteran Democratic Senator Christopher Dodd,  leader of a financial regulation overhaul in the Senate, said on Wednesday he will not seek re-election in November in recognition that he faced an uphill battle and underscoring upheaval facing President Barack Obama’s Democrats.

Global financial regulation overhaul seen in 2010

January 6, 2010

By Kevin Drawbaugh and Huw Jones

WASHINGTON/LONDON, Jan 6 (Reuters) – Global financial regulation has changed little since the 2008 banking crisis, but that won’t be the case much longer.

Banking chief Dodd to leave US Senate – sources

By Reuters Staff
January 6, 2010

By Thomas Ferraro

WASHINGTON, Jan 6 (Reuters) – U.S. Senate Banking Committee Chairman Christopher Dodd, a key player in still-unfinished work to overhaul U.S. financial regulations, will announce on Wednesday he will not seek re-election in November, two senior Democratic party aides said.

U.S. House Democrats sharpening ‘too big to fail’ plan

By Reuters Staff
November 18, 2009

U.S. Representative Barney Frank (D-MA) holds a news conference on issues before the House Financial Services Committee on Capitol Hill in Washington, November 3, 2009.  REUTERS/Jonathan Ernst    (UNITED STATES POLITICS BUSINESS) By Kevin Drawbaugh
WASHINGTON, Nov 17 (Reuters) – A key U.S. congressional panel moved toward toughening a plan for dealing with “too big to fail” financial firms on Tuesday, while rejecting a Republican alternative backed by Wall Street.

Banks sense danger, warn U.S. Congress on breakup power

By Reuters Staff
November 17, 2009

By Kevin Drawbaugh
WASHINGTON, Nov 16 (Reuters) – Some of the world’s largest financial firms on Monday urged a top U.S. lawmaker not to pursue big bank break-up legislation, an idea attracting interest in Congress and causing alarm on Wall Street.

Obama readies tougher ‘too big to fail’ strategy

By Reuters Staff
October 26, 2009

U.S. President Barack Obama (R) attends a fundraiser for U.S. Senator Chris Dodd (D-CT) in Stamford, Connecticut, October 23, 2009.  REUTERS/Jason Reed   (UNITED STATES POLITICS)   By Kevin Drawbaugh
WASHINGTON, Oct 26 (Reuters) – The Obama administration within days will move to get tougher with large financial firms that are in trouble by urging Congress to let the government seize control, wipe out shareholders, boot management and restructure debts, an administration official said on Monday.