Financial Regulatory Forum

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

By Reuters Staff
October 28, 2009

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 Reuters Staff
October 21, 2009

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.

US voters believe there are enough financial regulations – poll

By Reuters Staff
October 20, 2009

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

By Reuters Staff
October 19, 2009

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.

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

By Reuters Staff
October 19, 2009

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

By Reuters Staff
October 16, 2009

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.

New U.S. derivatives bill addresses end user concerns

By Reuters Staff
October 9, 2009

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.

G20 may blacklist regulatory havens – UK finance minister

By Reuters Staff
October 3, 2009

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.

Fed officials: Economy mending, but weakness persists

October 2, 2009

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.