Financial Regulatory Forum

Fed’s Rosengren endorses contingent capital idea

March 3, 2010

PHILADELPHIA, March 3 (Reuters) – Boston Federal Reserve Bank President Eric Rosengren said on Wednesday that he “strongly endorses” the idea of requiring banks to hold debt that converts into equity during times of duress.

INTERVIEW-Rep Frank: Fed as consumer watchdog home a “joke”

March 2, 2010

WASHINGTON, March 2 (Reuters) – Representative Barney Frank, chief architect of financial reform in the U.S. Congress, told Reuters on Tuesday he “thought it was a joke” when he learned key senators were discussing putting a new financial consumer watchdog inside the Federal Reserve.

Kocherlakota: Fed’s bank supervisory powers critical

March 2, 2010

kocherlakota    By Ann Saphir
   MINNEAPOLIS, March 2 (Reuters) – Supervisory powers over banks are critical for the Federal Reserve to do its job, Minneapolis Fed President Narayana Kocherlakota said on Tuesday. (more…)

BREAKINGVIEWS – Markets right to take Fed move badly

February 19, 2010

— The author is a Reuters Breakingviews columnist. The opinions expressed are his own —

Fed mulling debt sales as U.S. economy recovers

February 17, 2010

By Pedro da Costa and Mark Felsenthal

WASHINGTON, Feb 17 (Reuters) – Several Federal Reserve policymakers want to begin selling securities relatively soon to cut back on the massive amount of cash they have poured into the financial system, the U.S. central bank said on Wednesday.

Bernanke lays out vision for Fed monetary exit

February 10, 2010
Eyes on the punch bowl

Eyes on the punch bowl

By Mark Felsenthal

WASHINGTON, Feb 10 (Reuters) – Federal Reserve Chairman Ben Bernanke on Wednesday detailed how the U.S. central bank will begin to wean the economy off its extraordinary stimulus, even as he stressed it was not yet time to do so.

Fed’s Kohn warns on interest rate risk

January 29, 2010

By Karey Wutkowski

ARLINGTON, Va., Jan 29 (Reuters) – A senior U.S. Federal Reserve official warned on Friday that the uncertain path of interest rates poses risks for banks inattentive to the match of durations among their assets and liabilities.

US Senate backs Bernanke for second term at Fed

January 28, 2010

By Mark Felsenthal and Thomas Ferraro

WASHINGTON, Jan 28 (Reuters) – The U.S. Senate on Thursday approved Ben Bernanke’s nomination to a second four-year term running the Federal Reserve, the world’s most powerful central bank, despite deep misgivings over his perceived policy missteps.

Major central banks to end emergency dollar lending

January 28, 2010

By Kristina Cooke and Marc Jones

NEW YORK/FRANKFURT, Jan 27 (Reuters) – Major central banks on Wednesday said they will stop the emergency U.S. dollar lending introduced during the financial crisis, a significant milestone indicating growing confidence that the financial system is returning to health.

Bernanke confirmation shakier as more Democrats defect

January 22, 2010

By Thomas Ferraro and Pedro da Costa

WASHINGTON, Jan 22 (Reuters) – Ben Bernanke’s nomination for a second term as U.S. Federal Reserve chairman, once seen a sure thing, appeared increasingly under threat on Friday after two Senate Democrats said they would vote against it.