Financial Regulatory Forum

US congressional panel backs new rules for hedge funds, short of White House aims

By Kevin Drawbaugh and Rachelle Younglai
WASHINGTON, Oct 27 (Reuters) – U.S. regulators would be able to peer into the secretive world of hedge funds and private equity funds under a bill passed by a key congressional committee on Tuesday.
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Reuters Summit-Geithner: Obama team to toughen ‘Too big to fail’ fix

By Karey Wutkowski
WASHINGTON, Oct 20 (Reuters) – The Obama administration is planning to send lawmakers a fresh, tougher proposal that would give the government more tools to wind down troubled financial firms and reduce the idea of “too big to fail,” U.S. Treasury Secretary Timothy Geithner said on Tuesday.

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US voters believe there are enough financial regulations – poll

WASHINGTON, Oct 20 (Reuters) – Most Americans believe enough regulations are on the books to avoid another financial crisis, a new poll found on Tuesday in a sign of dampening enthusiasm for more rules.
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U.S. Fed chief Bernanke says ‘exit’ strategy essential for dollar confidence

Chairman of the Federal Reserve Ben Bernanke speaks at the Federal Reserve Conference on Key Developments in Monetary Policy in Washington October 8, 2009. (File Photo) REUTERS/Kevin Lamarque SANTA BARBARA, Calif., Oct 19 (Reuters) – Federal Reserve Chairman Ben Bernanke on Monday said that the performance of the dollar and the U.S. economy will depend on the government’s success in controlling the country’s budget deficit.

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US, UK companies see lawsuits rising in 2010, survey finds

LOS ANGELES, Oct 16 (Reuters) – U.S. and U.K. companies saw a rise in legal disputes this year and expect more litigation in 2010, spurred by tighter regulation, whistleblowers and bankruptcies, a survey of corporate counsel showed.
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White House adviser Summers: US banks must yield to tighter regulation

Lawrence Summers, director of the White House's National Economic Council, departs after an interview at the Newseum in Washington, October 2, 2009. (file photo).   REUTERS/Jonathan Ernst    (UNITED STATES POLITICS BUSINESS) WASHINGTON, Oct 16 (Reuters) – All financial firms have benefited from U.S. taxpayer support and must yield to efforts to tighten regulation to prevent a future crisis, White House economic adviser Lawrence Summers said on Friday.

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New U.S. derivatives bill addresses end user concerns

U.S. Rep. Collin Peterson (D-MN), chairman of the House Agriculture Committee, answers reporters' questions on his views of the relationship between the U.S. Federal Reserve and Wall Street, at the Reuters Financial Regulation Summit  in Washington, April 27, 2009.  REUTERS/Mike Theiler  (UNITED STATES POLITICS BUSINESS) By Kevin Drawbaugh and Christopher Doering
WASHINGTON, Oct 9 (Reuters) – The chairman of the U.S. House of Representatives Agriculture Committee on Friday unveiled a draft bill on regulation of over-the-counter derivatives that differs in some key respects from bills drawn up elsewhere in the House and by the Obama administration.

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COLUMN-Tin squeeze tests regulator’s mettle in U.K.: John Kemp

– John Kemp is a Reuters columnist. The views expressed are his own –

By John Kemp
LONDON, Oct 5 (Reuters) – The year-long squeeze in the London Metal Exchange’s tin contract has renewed intense criticism about the ineffectiveness of commodity regulation in London. It comes at an awkward time, just as the UK authorities try to resist pressure from the United States to introduce stricter market oversight and tougher position limits.

The squeeze has focused attention on contrasting approaches to market regulation. U.S. regulators have long relied on position limits to ensure markets cannot be cornered by a single participant and prices reflect a diversity of views. (more…)

G20 may blacklist regulatory havens – UK finance minister

Britain's Chancellor of the Exchequer, Alistair Darling, attends a news conference at the G20 Finance Ministers meeting, in central London September 5, 2009. ISTANBUL, Oct 3 (Reuters) – The Group of 20 major nations may blacklist countries that have lax financial regulation and impose sanctions on them, mirroring its crackdown on tax havens, Britain’s finance minister was quoted as saying.

“Just as we want to go after tax havens, we want to go after regulatory havens as well,” Alistair Darling told Emerging Markets magazine in an interview published on Saturday.

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Fed officials: Economy mending, but weakness persists

By Kristina Cooke and David Beasley
NEW YORK/MACON, Ga., Oct 1 (Reuters) – Federal Reserve officials said on Thursday that while the recession-battered economy is on the mend, it will be weak for a while and the Fed is likely to keep its extensive support policies in place for a while.

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