WASHINGTON, Feb 12 (Reuters) – A fight over how sharp to make the teeth of a new U.S. watchdog for financial consumers threatened on Friday to derail progress toward tighter bank and capital market regulation, amid much posturing on both sides.
Financial Regulatory Forum
WASHINGTON, Feb 12 (Reuters) – The top Republican on the U.S. Senate Budget Committee said on Friday there is common ground with Democrats on financial regulation legislation but the White House stance on consumer protection remains an obstacle.
WASHINGTON, Feb 11 (Reuters) – In an unusual move that cuts a senior Republican out of the loop, bipartisan U.S. Senate negotiations have resumed on financial regulation reform, the chairman of the Senate Banking Committee said on Thursday.
By Kirstin Ridley and Clara Ferreira-Marques
LONDON, Feb 9 (Reuters) – Britain’s top financial regulator announced he was to step down, surprising markets and casting doubt over the future of the Financial Services Authority and an overhaul of the sector.
By Kevin Drawbaugh and Kim Dixon
WASHINGTON, Feb 5 (Reuters) – Bipartisan efforts to tighten U.S. financial regulation ground to a halt in the Senate on Friday, leaving Democrats to proceed on their own and painting Republicans into an uncomfortable political corner.
By Huw Jones
LONDON, Feb 1 (Reuters) – U.S. President Barack Obama’s plans to curb proprietary trading will be hard to define and could create regulatory loopholes for banks to exploit, a top European Union official said on Monday.
By Caren Bohan and Ross Colvin
WASHINGTON, Jan 28 (Reuters) – U.S. President Barack Obama pushed job creation to the top of his agenda and vowed not to abandon his struggling healthcare overhaul after a political setback that raised doubts about his leadership.
Jan 8 (Reuters) – A forum of global financial regulators put forward 17 recommendations on Friday covering supervision of hedge funds, credit derivatives and mortgages in a bid to plug supervisory gaps highlighted by the financial crisis.
By Karey Wutkowski and Rachelle Younglai
WASHINGTON, Jan 6 (Reuters) – South Dakota Democratic Senator Tim Johnson, a champion of community banks and credit card companies, is expected to take over the chairmanship of the influential U.S. Senate Banking Committee in 2011.
By Thomas Ferraro and Steve Holland
WASHINGTON, Jan 6 (Reuters) – Veteran Democratic Senator Christopher Dodd, leader of a financial regulation overhaul in the Senate, said on Wednesday he will not seek re-election in November in recognition that he faced an uphill battle and underscoring upheaval facing President Barack Obama’s Democrats.