Financial Regulatory Forum

U.S. financial reform faces Republican challenges

November 2, 2009

By Kevin Drawbaugh and Rachelle Younglai

WASHINGTON, Nov 2 (Reuters) – Key U.S. senators are still deeply divided on basic financial regulation reforms, making it unlikely a bill expected soon from Senate Democrats could become law this year, analysts said on Monday.

ANALYSIS-US, EU urged to find common ground on systemic risk

October 30, 2009

By Huw Jones and Rachelle Younglai
LONDON/WASHINGTON, Oct 30 (Reuters) – The United States and Europe are moving at different speeds down possibly divergent paths toward dealing with troubled multinational financial giants, despite promises of transatlantic coordination.

ANALYSIS-German ratings agency idea a tough challenge

October 28, 2009

LONDON, Oct 28 (Reuters) – The German government’s idea for a new European-based credit rating agency comes at a vulnerable time for the tarnished sector but such a body will have to offer more than a copycat service if it is to succeed.

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

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

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

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

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

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

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

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.