Financial Regulatory Forum

Senior US senator favors bank super-cop idea -aide

By Reuters Staff
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.

U.S. bank “super-cop” idea gains support in Senate

By Reuters Staff
September 9, 2009

By Karey Wutkowski
WASHINGTON, Sept 9 (Reuters) – Decreasing the number of U.S. agencies that police banks is an idea gaining momentum in Congress, even though bolder efforts to rip up the overall financial regulatory system and start fresh have stalled.

U.S. FDIC eases rules on private-equity investments in troubled banks

By Reuters Staff
August 26, 2009

Federal Deposit Insurance Corporation Chairman Sheila Bair smiles as she testifies before a House Financial services committee hearing on Regulatory Perspectives on the Obama Administration's Financial Regulatory Reform Proposals on Capitol Hill in Washington July 24, 2009. REUTERS/Yuri Gripas (UNITED STATES POLITICS WASHINGTON, Aug 26 (Reuters) – U.S. banking regulators voted on Wednesday to ease rules applying to private investments in troubled banks.