Financial Regulatory Forum

Is FINRA doing enough to steer investors clear of bad brokers?

August 9, 2016

By Todd Ehret, Regulatory Intelligence

(Thomson Reuters Regulatory Intelligence) – A recent debate has emerged as to whether U.S. regulators and the securities industry have done enough to rid themselves of bad brokers. At the core of the argument are recent studies showing that the percentage of those engaged in misconduct is much higher than that claimed by the Financial Industry Regulatory Authority, and that such brokers are often able to move unimpeded from firm to firm. (more…)

Former U.S. CFTC chair criticizes Volcker call to merge agency with SEC

May 20, 2015

A former head of the Commodity Futures Trading Commission has questioned Paul Volcker’s call to merge U.S. regulatory agencies under the leadership of the Federal Reserve.

ACCELUS SUMMIT: Former U.S. SEC chief Pitt warns against imposing regulations abroad, urges industry engagement

May 2, 2013

Nick Paraskeva, for Compliance Complete

NEW YORK, May 2 (Thomson Reuters Accelus) – The United States should recognize it can no longer impose its regulatory solutions on the rest of the world, former U.S. Securities and Exchange Commission head Harvey Pitt said on Thursday.

New U.S. capital framework may prove burdensome for small banks

June 25, 2012

By Bora Yagiz

NEW YORK, June 25 (Thomson Reuters Accelus) – As part of an effort to bring the United States in line with the international standards of Basel III, the Federal Reserve Board, the Office of the Comptroller of Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC), on June 8, 2012, jointly proposed three rules dubbed together as the integrated regulatory capital framework.

Time to merge risk management and compliance?

April 5, 2012

By Rachel Wolcott

LONDON/NEW YORK, April 5 (Thomson Reuters Accelus) – Regulators’ rising interest in risk management combined with a long trail of big fines for compliance failures has some consultants and industry leaders wondering whether it is time for the two disciplines to come closer together if not merge completely.

On the other hand: When Woodstock meets Wall Street

November 29, 2011

By Scott McCleskey

Nov. 29 (Thomson Reuters Accelus) – If you didn’t know any different, you’d think the Occupy Wall Street movement was the kind of military operation so often criticized by people of a certain political temperament. It started off with a clear mission (financial reform), then suffered from mission creep (economic justice) and it never had an exit strategy. I think there was a surge in there somewhere as well but it’s hard to tell when they all live in tents.

ANALYSIS – U.S. TARP program less costly, but not less controversial

August 20, 2010

By Dave Clarke

WASHINGTON, Aug 19 (Reuters) – The government’s $700 billion bailout of the financial system may still be politically toxic, but for those who voted for the program, there is some good news: the taxpayer bill continues to drop.

ANALYSIS-Financial reform to give Obama limited lift at G20

June 25, 2010

By Caren Bohan

WASHINGTON, June 25 (Reuters) – The win President Barack Obama racked up on U.S. financial regulation reform on Friday will give him a boost at this weekend’s Group of 20 summit in Toronto but probably only a limited one.

PREVIEW-Final act begins in U.S. Congress on Wall St reform

June 7, 2010

By Kevin Drawbaugh

WASHINGTON, June 7 (Reuters) – Negotiators from the U.S. Senate and House will begin meeting this week to craft a final Wall Street reform bill, with banks facing changes that threaten their profits, if not their business models.

PREVIEW-Wall St. reform’s final round in U.S. Senate

May 17, 2010

By Kevin Drawbaugh

WASHINGTON, May 17 (Reuters) – The Wall Street reform fight enters its final stages in the U.S. Senate this week with an overdue reckoning on three issues that cut to the heart of how, and for whom, the financial system works.