Financial Regulatory Forum

from Christopher Whalen:

The cure for higher ATM fees is competition

September 30, 2011

Why are Bank of America and other large US banks increasing fees for the use of debit cards and other services?

Bernanke defends Fed small bank supervision role

March 18, 2010

   By Mark Felsenthal
   WASHINGTON, March 17 (Reuters) – Top U.S. central bankers present and past on Wednesday joined forces against a plan to strip the Fed of its oversight of smaller banks, saying the knowledge it gains from that role is vital to monetary policy. (more…)

New US Council, not just Fed, must eye risk

October 1, 2009

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…)

US regulators-Banks’ large-loan losses triple to $53bln

September 25, 2009

fed-logo     Sept 25 (Reuters) – U.S. regulators say that the level of losses from syndicated loans facing banks and other financial institutions tripled to $53 billion in 2009, due to poor underwriting standards and the continuing weakness in economic conditions. (more…)

A year after Lehman, Bernanke says recession likely over

September 16, 2009

U.S. Chairman of the Federal Reserve Ben Bernanke speaks about a year of economic turmoil at the Brookings Institution in Washington September 15, 2009. REUTERS/Jim Young    (UNITED STATES POLITICS BUSINESS)   By Caroline Valetkevitch
   NEW YORK, Sept 15 (Reuters) – A year after the Lehman Brothers collapse, Federal Reserve chief Ben Bernanke said on Tuesday the recession was likely over, while data supported hopes that recovery from the worst downturn in decades was advancing. (more…)

FDIC chief warns against single U.S. bank regulator

By Reuters Staff
September 1, 2009

Federal Deposit and Insurance Corporation (FDIC) Chairman Sheila Bair addresses the HOPE Global Financial Literacy Summit at a community center in Washington June 17, 2009.  REUTERS/Jonathan Ernst  Sept 1 (Reuters) – A single regulator for all U.S. banks is not the solution to streamline the financial regulatory system, Federal Deposit Insurance Corp Chairman Sheila Bair wrote in an opinion column in the New York Times.
(more…)

Banks may bear U.S. FDIC special charges until 2013 – report

By Reuters Staff
August 28, 2009

Aug 28 (Reuters) – The U.S. banking industry may have to continue to bear the burden of replenishing a top regulatory fund, used to back insured deposits when a bank fails, as Federal Deposit Insurance Corp’s (FDIC) special assessments could persist through 2013, investment bank Fox-Pitt Kelton said.

Fed urges secrecy on banks in bailout programs

August 28, 2009

USA-FED/   By Jonathan Stempel
   NEW YORK, Aug 27 (Reuters) – The U.S. Federal Reserve asked a federal judge not to enforce her order that it reveal the names of the banks that have participated in its emergency lending programs and the sums they received, saying such disclosure would threaten the companies and the economy.
(more…)

Geithner: U.S. Fed needs shielding from politics

August 27, 2009

USA CHINA/    By David Lawder
   WASHINGTON, Aug 26 (Reuters) – U.S. Treasury Secretary Timothy Geithner said on Wednesday the Federal Reserve should further increase its transparency, but its monetary policy activities need to be shielded from political influence.
(more…)

Fed to trim most margins on direct loans to banks

By Reuters Staff
August 19, 2009

WASHINGTON/NEW YORK, Aug 19 (Reuters) – The U.S. Federal Reserve said on Wednesday it will trim the margins for most securities banks pledge to obtain loans from its discount window and Term Auction Facility.