Financial Regulatory Forum

Senators lift US financial reform talks back on track

Dodd snubs Shelby

Dodd snubs Shelby

   By Kevin Drawbaugh
   WASHINGTON, Feb 11 (Reuters) – In an unusual move that cut a senior Republican out of the loop, bipartisan U.S. Senate negotiations resumed on Thursday on financial regulation reform, a top priority of the Obama administration. (more…)

FACTBOX-5 financial reforms missing from US Congress bills

    Jan 6 (Reuters) – The U.S. Senate will resume debate this
month on financial regulatory reform, but a handful of changes
some see as crucial are not on the table. (more…)

ANALYSIS-US Senator Dodd wades into financial reform fight

Dodd shaping up for the fight

Dodd shaping up for the fight

    By Kevin Drawbaugh
   WASHINGTON, Jan 6 (Reuters) – As Round Two of the U.S. Congress’ punishing fight over financial regulation gets under way this month, one big question is whether Senate Banking Committee Chairman Christopher Dodd will lead with his left. (more…)

US House tackling historic financial reforms

By Kevin Drawbaugh

WASHINGTON, Dec 10 (Reuters) – As the U.S. House of Representatives moved closer on Thursday to debating the most sweeping changes to financial regulation proposed since the Great Depression, a raft of late amendments were headed to the floor as lawmakers wrangled over the legislation.

The core bill would give the government new powers over large banks, regulate over-the-counter derivatives for the first time, and set up a Consumer Financial Protection Agency.

It would create an inter-agency council to police systemic risks in the economy and crack down on hedge funds and credit rating agencies, among many other reforms backed by the Obama administration and most Democrats.

U.S. House to debate financial regulation overhaul

Rep Bachus: Socialism

Rep Bachus: Socialism

    By Kevin Drawbaugh
   WASHINGTON, Dec 10 (Reuters) – The U.S. House of Representatives will debate on Thursday the most sweeping changes to financial regulation proposed since the Great Depression, including broad new government powers over large banks and tighter regulation of capital markets. (more…)

Major U.S. financial regulation reform proposals

    WASHINGTON, Nov 23 (Reuters) – Congress next week will resume work on tightening bank and capital market regulation, with the House Financial Services Committee expected to vote on Wednesday on systemic risk legislation. (more…)

Financial reforms grind forward in U.S. Congress

   By Kevin Drawbaugh
   WASHINGTON, Nov 18 (Reuters) – The U.S. Congress edged closer on Wednesday to creating new government powers to break up giant financial firms, which Europe is already doing, while a U.S. derivatives market crackdown got more complicated. (more…)

Banks blasted by Congress, regulators in U.S., UK

Banks blasted by Congress, regulators in U.S., UK
   By Kevin Drawbaugh
   WASHINGTON, Oct 22 (Reuters) – Big banks took a beating from government on Thursday, both in the U.S. Congress where lawmakers backed tougher industry rules, and from U.S. and UK regulators who moved aggressively to restrain bankers’ pay. (more…)

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

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.
(more…)

New US Council, not just Fed, must eye risk

Chairman of the Federal Reserve Ben Bernanke speaks at the Congressional Black Caucus Foundation's 39th Annual Legislative Conference at the Washington Convention Center in Washington, September 25, 2009.   REUTERS/Larry Downing (UNITED STATES POLITICS BUSINESS)   By Kevin Drawbaugh
   WASHINGTON, Sept 30 (Reuters) – The head of the Federal Reserve will step back from one of the most controversial parts of the Obama administration’s drive for financial regulation reform, saying sweeping new oversight powers proposed for the U.S. central bank should be shared with other regulators. (more…)

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