BRUSSELS, Sept 10 (Reuters) – The European Union plans to create a banking super-watchdog and give it power to overrule countries such as Britain, according to draft legislation that could come into effect next year. (more…)
Financial Regulatory Forum
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.
By Kevin Drawbaugh
WASHINGTON, Sept 9 (Reuters) – Banking is supposed to be boring.
That’s the quip that lobbyists and congressional aides use, only half-jokingly, to explain what’s in store for the banking industry as governments crack down with tighter regulation.
LONDON, Aug 25 (Reuters) – The financial crisis has tipped the arguments in favour of central banks acting to stem asset-price bubbles but they will need new instruments to help them do this, Bank of England Deputy Governor Charles Bean said on Tuesday.
UK’s FSA steps into EU hedge fund spat with study
LONDON, Aug 21 (Reuters) – Britain’s Financial Services Authority has commissioned a cost study of a draft European Union law on the regulation of alternative investment managers, a step hedge funds hope will provide more ammunition to dilute the measure. (more…)
WASHINGTON, Aug 4 (Reuters) – Disagreement within the Obama administration over reshaping U.S. financial regulation flared on Tuesday, with top bank regulators defending their turf against key parts of a broad bank supervision overhaul plan. (more…)
WASHINGTON, July 30 (Reuters) – Two U.S. senators introduced legislation on Thursday that would give the Federal Deposit Insurance Corp the power to wind down bank holding companies, calling it an interim step until Congress approves broad financial regulatory reforms.
By Sweta Singh
NEW YORK, July 29 (Reuters) – Expanded regulation of the U.S. financial sector could prove a bonanza in 2010 for Navigant Consulting Inc and other firms that help companies handle investigations.
Navigant and rivals Huron Consulting Group Inc, FTI Consulting Inc and CRA International Inc provide experts, including lawyers, to help companies deal with regulatory probes. (more…)