Financial Regulatory Forum

EXCLUSIVE-Bank cop reworked in Senate financial bill-sources

By Reuters Staff
January 22, 2010

By Kevin Drawbaugh

WASHINGTON, Jan 21 (Reuters) – The beat walked by a proposed super-cop for banks is shrinking in the latest financial regulation reforms being debated in the U.S. Senate, said sources familiar with committee negotiations on Thursday.

U.S. judge freezes Argentine central bank accounts

By Reuters Staff
January 12, 2010

Argentine President Cristina Fernandez de Kirchner (L) accompanied by Banco Nacion's head Mercedes Marco del Pont (C) and Economy Minister Amado Boudou arrive at the Banco Nacion in Buenos Aires January 11, 2010. By Jorge Otaola

BUENOS AIRES, Jan 12 (Reuters) – A U.S. judge has frozen accounts held by Argentina’s Central Bank in the U.S. Federal Reserve, deepening a legal dispute over the Argentine government’s plan to use foreign reserves to repay debt.

U.S. Senate panel nears agreement on role of Fed

By Reuters Staff
January 6, 2010

By Rachelle Younglai

WASHINGTON, Jan 6 (Reuters) – As Congress moves to reform U.S. financial regulation, key senators are nearing bipartisan agreement on stripping the Federal Reserve of its authority to supervise banks, two people familiar with the matter said.

U.S. Fed’s Hoenig backs bank break-ups where needed

By Reuters Staff
January 5, 2010

By Mark Felsenthal

ATLANTA, Jan 5 (Reuters) – A top U.S. Federal Reserve official on Tuesday backed stripping banks of risky operations, suggesting growing support for breaking up large firms to prevent excesses that could undermine financial stability.

U.S. Fed proposes creation of new exit tool

By Reuters Staff
December 29, 2009

By Pedro Nicolaci da Costa

WASHINGTON, Dec 28 (Reuters) – The U.S. Federal Reserve on Monday proposed the creation of a new mechanism it could use to withdraw money from the banking system when the time comes to tighten monetary policy.

U.S. House OKs Fed audit provision, eyes on Senate

By Reuters Staff
December 12, 2009

By Mark Felsenthal

WASHINGTON, Dec 11 (Reuters) – The U.S. Federal Reserve on Friday lost the opening round in a battle to defeat a congressional plan to subject its interest rate decisions to audits, and will now look for a comeback victory when the Senate starts to move on regulatory reforms.

Fed’s Tarullo: idea of big bank surcharge appealing

By Reuters Staff
November 10, 2009

Federal Reserve Board of Governors member Daniel Tarullo looks down during testimony at the Senate Banking Committee on Capitol Hill in Washington, July 23, 2009.(File Photo)     REUTERS/Larry Downing By John Parry
NEW YORK, Nov 9 (Reuters) – U.S. Federal Reserve Governor Daniel Tarullo on Monday endorsed the idea of requiring big banks to hold more capital and renewed his suggestion that direct efforts to limit the size of banks may be worth considering.

U.S. pay czar: Will soon decide how to use clawback

By Reuters Staff
November 2, 2009

Kenneth Feinberg, Special Master for TARP Executive Compensation, speaks to Reuters during an interview at his Washington law office, October 26, 2009.  REUTERS/Jason Reed   (UNITED STATES)   By Karey Wutkowski
WASHINGTON, Nov 2 (Reuters) – The U.S. pay czar said on Monday that he will determine “in the near future” how he will use his power to claw back pay at companies that have taken bailout money but is not currently in negotiations to do so.

US bank regulators warn on commercial real estate

By Reuters Staff
October 30, 2009

The Stuyvesant Town and Peter Cooper Village private residential development (bottom C) is seen in New York, October 26, 2009.  New York State's highest court on Thursday ruled that the landlords of Manhattan's largest apartment complex improperly raised thousands of rents, further pushing the owners of the $5.4 billion deal struck at the height of a commercial real estate boom toward default.REUTERS/Shannon Stapleton  (UNITED STATES BUSINESS)   By Karey Wutkowski
WASHINGTON, Oct 30 (Reuters) – U.S regulators on Friday encouraged banks to modify troubled commercial real estate loans, which are seen as a looming danger spot for the banking industry.

WRAPUP 1-Obama financial reforms advance in U.S. Congress

By Reuters Staff
October 28, 2009

Onlookers gather outside the historic Federal Hall where U.S. President Barack Obama is speaking in the heart of Wall Street in New York September 14, 2009. Obama, marking a year since Lehman Brothers collapsed, urged financial firms Monday not to fight regulatory reform and urged Congress to pass his proposals by the end of the year. (File Photo)     REUTERS/Larry Downing (UNITED STATES BUSINESS POLITICS)   By Kevin Drawbaugh
WASHINGTON, Oct 27 (Reuters) – The Obama administration made gains on Tuesday in its push for U.S. financial reform, unveiling a landmark bill to tackle systemic risk in the economy and winning congressional committee approval for a measure to expose hedge funds to more government scrutiny.The systemic risk bill would grant vast powers to a new systemic risk regulatory council, the Federal Reserve and the Federal Deposit Insurance Corp to monitor and address risks to economic stability posed by shaky financial holding companies.