Financial Regulatory Forum

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…)

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…)

Senators lift US financial reform talks back on track

February 12, 2010
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…)

ANALYSIS-Financial reform push shaken as Obama, Dodd confer

January 20, 2010

Obama and Dodd to confer    By Kevin Drawbaugh
   WASHINGTON, Jan 20 (Reuters) – As Massachusetts voters handed Democrats a stunning setback, President Barack Obama and U.S. Senate Banking Committee Chairman Christopher Dodd met on Tuesday to discuss the future of financial regulation reform. (more…)

U.S. Sen. Dodd urges plan to create super bank cop

September 30, 2009

SENATE    WASHINGTON, Sept 29 (Reuters) – A top U.S. senator said on Tuesday that he is moving forward with his effort to consolidate bank supervision into a single federal regulator, despite criticism from current bank regulators who do not want to lose their authorities.
   “It’s clear that we need to end charter shopping, where institutions look around for the regulator that will go easiest on them,” said Christopher Dodd, the Democratic chairman of the Senate Banking Committee.
   Dodd’s plan would consolidate the Office of the Comptroller of the Currency and the U.S. Office of Thrift Supervision into one regulator. It would also strip direct bank supervision powers from the Federal Deposit Insurance Corp and the Federal Reserve, transferring those powers to the new regulator. (Reporting by Karey Wutkowski, editing by Gerald E. McCormick) (( +1 202 898 8374)) Keywords: FINANCIAL/REGULATION BANKS 
Tuesday, 29 September 2009 18:54:24RTRS [nWEN4142  ] {C}ENDS