Financial Regulatory Forum

US agency to vote Aug 26 on private equity rules for failed banks

August 19, 2009

By Karey Wutkowski

WASHINGTON, Aug 19 (Reuters) – The Federal Deposit Insurance Corp will meet next week to vote on its policy for private equity investments in failed banks, according to an agenda posted to its website. The FDIC proposed the private equity guidelines in July. Investors and some regulators criticized them as too harsh.

Fed to trim most margins on direct loans to banks

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.

U.S. extends TALF lending program for commercial real estate

August 17, 2009

By Mark Felsenthal and Al Yoon
WASHINGTON/NEW YORK, Aug 17 (Reuters) – The U.S. Federal Reserve moved on Monday to boost credit to the ailing market for commercial real estate by extending to mid-2010 an emergency lending program.

ANALYSIS-Emerging currency revaluation back on global table

August 5, 2009

By Mike Dolan
LONDON, Aug 5 (Reuters) – Western governments seem set on preventing currency appreciation snuffing out nascent economic recoveries, helping reignite bets on a devaluation of major currencies against those of the emerging economic giants.

U.S. bank regulators dig in against Obama shake-up

August 4, 2009

U.S. Treasury Secretary Timothy Geithner (file photo) WASHINGTON, Aug 4 (Reuters) – Disagreement within the Obama administration over reshaping U.S. financial regulation flared on Tuesday, with top bank regulators defending their turf against key parts of a broad bank supervision overhaul plan. (more…)

US push on derivatives market reform comes clearer

July 28, 2009

By Kevin DrU.S. Representative Barney Frankawbaugh
WASHINGTON, July 27 (Reuters) – The shape of the U.S. government’s proposed crackdown on the $450-trillion over-the-counter derivatives market became clearer on Monday, with Congress poised to move forward this week on other aspects of a sweeping overhaul of U.S. financial regulation.

Nine central banks join settlement systems group

July 24, 2009

ZURICH, July 24 (Reuters) – Nine central banks — including those from China and India — have joined the Committee on Payment and Settlement Systems (CPSS), the Bank for International Settlements said on Friday.

U.S. – Obama offers legislation to make Fed systemic risk police

July 23, 2009

OBAMA/ WASHINGTON, July 22 (Reuters) –  The Obama administration sent proposed legislation to the U.S. Congress on Wednesday which would put the Federal Reserve in charge of policing in charge of overseeing large, interconnected financial firms and “big picture,” or systemic, financial risk in the economy. (more…)

Bernanke sees some economic gain, reviews Fed exit strategy

July 21, 2009

Federal Reserve Chairman Ben BernankeBy Mark Felsenthal and Alister Bull

WASHINGTON, July 21 (Reuters) – Federal Reserve Chairman Ben Bernanke on Tuesday said the outlook for the long-suffering U.S. economy appears to be improving and the U.S. central bank was carefully reviewing ways to withdraw its massive monetary policy stimulus when conditions permit.
But Bernanke cautioned that unemployment was likely to remain high into 2011, and he warned that this could sap fragile consumer confidence and potentially undermine what is expected to be a very gradual recovery. (more…)

Fed says it should keep consumer protection role

July 16, 2009

A man walks in front of the U.S. Federal Reserve building in Washington   By Tim Ahmann
   WASHINGTON, July 16 (Reuters) – The Federal Reserve on Thursday pushed back against a White House plan to give some of its consumer protection powers to a new agency, arguing there was a “compelling case” for the central bank to keep them.