Financial Regulatory Forum

Brussels’ tough line to force Europe bank shake-up

September 18, 2009

A pedestrian passes the head office of the Lloyds Banking Group in central London August 5, 2009. By Steve Slater and Foo Yun Chee
LONDON/BRUSSELS, Sept 18 (Reuters) – Europe’s banks face a shakeout as a result of the European Commission flexing its muscles over state aid that the sector gratefully accepted to survive a financial crisis.

EU to support stimulus, push on trade talks at G20

September 16, 2009

Jean-Pierre Jouyet, head of French market watchdog AMF, is seen in this file photo taken May 18, 2007. REUTERS/Benoit Tessier (FRANCE) By Jan Strupczewski
BRUSSELS, Sept 16 (Reuters) – The European Union will support maintaining policies that poured trillions of dollars into economies and call on a G20 meeting for progress on trade talks to help boost a recovery, a draft policy document said.

Obama warns Wall Street to get behind reforms

September 14, 2009

By Caren BohanOnlookers 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.     REUTERS/Larry Downing (UNITED STATES BUSINESS POLITICS)

NEW YORK, Sept 14 (Reuters) – U.S. President Barack Obama warned financial firms on Monday to heed the lessons of Lehman Brothers’ collapse a year ago and get behind a regulatory overhaul he wants Congress to pass this year.

Obama to urge regulatory reform in Lehman anniversary speech

September 11, 2009

The exterior of the world headquarters for Lehman Brothers is seen in New York September 15, 2008,  after the firm filed for bankruptcy protection. Lehman was one of the biggest investment banks to collapse since 1990 when Drexel Burnham Lambert filed for bankruptcy protection amid a collapse in the junk bond market.   REUTERS/Shannon Stapleton (UNITED STATES) WASHINGTON, Sept 11 (Reuters) – President Barack Obama’s speech in New York on Monday will focus on financial reform and the need to strengthen the system to avoid another economic collapse, the White House said on Friday.

U.S. bank “super-cop” idea gains support in Senate

September 9, 2009

By Karey Wutkowski
WASHINGTON, Sept 9 (Reuters) – Decreasing the number of U.S. agencies that police banks is an idea gaining momentum in Congress, even though bolder efforts to rip up the overall financial regulatory system and start fresh have stalled.

US Sen Dodd to remain banking panel chairman – aide

September 9, 2009

WASHINGTON, Sept 9 (Reuters) – U.S. Senator Christopher Dodd will remain chairman of the Senate Banking Committee and not take over the health committee after the death of his friend, Senator Edward Kennedy, a Senate aide said on Wednesday.

Wall St bonuses spark outrage on Main Street USA

September 9, 2009

main-street-wwwreuterscom By Steve Eder and Ed Stoddard
NEW YORK/EULESS, Texas, Sept 8 (Reuters) – All you have to do to feel the outrage over the continuing flow of bonuses on Wall Street is to take a walk down Main Street.

G20 must implement bank supervision measures – Saudi

September 2, 2009

Muhammad al-Jasser, governor of the Saudi Arabian Monetary Agency (SAMA), gestures during a news conference in Riyadh September 1, 2009. JEDDAH, Sept 2 (Reuters) – Group of 20 developed countries must stick to banking oversight regulations agreed in the wake of the global financial crisis to avoid a future credit crunch, Saudi Arabia’s central bank governor told the local press agency, citing concerns over backsliding.

Obama to reappoint Bernanke to lead Fed – official

August 25, 2009

Chairman of the Federal Reserve Ben Bernanke testifies before the Senate Banking, Housing and Urban Affairs Committee on Capitol Hill in Washington July 22, 2009.  By Patricia Zengerle and Ross Colvin
OAK BLUFFS, Mass., Aug 24 (Reuters) – U.S. President Barack Obama will reappoint Ben Bernanke for a second term as chairman of the Federal Reserve on Tuesday, a senior administration official said on Monday.

U.S. Fed chief sees growth prospects, “urgent” regulatory reform need

August 21, 2009

Chairman of the Federal Reserve Ben Bernanke testifies before the Senate Banking, Housing and Urban Affairs Committee on Capitol Hill in Washington July 22, 2009. (FILE) WASHINGTON, Aug 21 (Reuters) – Following are highlights from U.S. Federal Reserve Chairman Ben Bernanke’s prepared speech to be delivered at the Kansas City Federal Reserve Bank’s conference in Jackson Hole, Wyoming.