Financial Regulatory Forum

Financial Crisis Inquiry Commission

May 5, 2010

Live coverage of the “The Shadow Banking System” hearing.

Democrats press advantage on financial reform

April 22, 2010

   By Andy Sullivan and Kevin Drawbaugh
   WASHINGTON, April 21 (Reuters) – Democrats in the U.S. Senate pressed forward on a sweeping regulation overhaul on Wednesday, backing a measure to drive banks from the lucrative derivatives market at the heart of the financial crisis. (more…)

Rep Frank says Goldman case helps financial reform

April 19, 2010

    WASHINGTON, April 19 (Reuters) – U.S. Representative Barney Frank said on Monday that securities regulators’ fraud case against Goldman Sachs <GS.N> increases the chance that financial reform will pass. (more…)

U.S. watchdog says mortgage modifications too slow

April 14, 2010

    By Corbett B.Daly
   WASHINGTON, April 14 (Reuters) – An Obama administration program to help struggling homeowners modify their mortgages is not moving fast enough to keep up with the growing number of foreclosures, a U.S. congressional watchdog said on Wednesday. (more…)

U.S. bank chief mobbed by angry borrowers

April 14, 2010

    WASHINGTON, April 13 (Reuters) – The mortgage chief of the United States’ second largest bank was mobbed by angry borrowers on Tuesday after he invited customers to speak to him if they feared foreclosure of their homes. (more…)

US watchdogs may still get ‘Volcker rule’-consultant

April 13, 2010

    FRANKFURT, April 12 (Reuters) – U.S. banking supervisors could get indirect powers to ban proprietary trading by banks even if the “Volcker rule” is not in the financial reform bill, a banking consultant with close contact to decision-makers said. (more…)

U.S. Senate financial reform snags, no bill Monday

March 1, 2010

   By Kevin Drawbaugh and Rachelle Younglai
   WASHINGTON, Feb 28 (Reuters) – Marathon weekend negotiations in the U.S Senate on financial reform failed to result in a bipartisan breakthrough, with disagreement over how much power to give a consumer watchdog office still a key hurdle. (more…)

Deal on financial reform bill near in U.S. Senate

February 26, 2010

   By Kevin Drawbaugh
   WASHINGTON, Feb 25 (Reuters) – A bipartisan agreement on financial regulation reform was close at hand on Thursday in the U.S. Senate, with lawmakers working to overcome a key obstacle — creating a new financial consumer watchdog. (more…)

W.House recommits to ‘Volcker rule’ bank trade ban

February 24, 2010

   By Kevin Drawbaugh
   WASHINGTON, Feb 23 (Reuters) – The Obama administration said on Tuesday it is still committed to the “Volcker rule” to ban risky trading by banks, although Congress looks increasingly unlikely to adopt the rule as proposed. (more…)

Financial watchdog’s power crucial — Obama aide

February 23, 2010

   By Kevin Drawbaugh and Caren Bohan
   WASHINGTON, Feb 22 (Reuters) – An Obama administration spokesman on Monday stressed the importance of “independent authority” for a proposed U.S. financial consumer watchdog and said where it was “housed” was another issue. (more…)