Financial Regulatory Forum

ANALYSIS-Franken bill unlikely to make credit ratings more reliable

May 14, 2010

By Karen Brettell

NEW YORK, May 14 (Reuters) – Legislation designed to create more independent credit ratings for risky assets may not result in more reliable indicators of an asset’s future performance and details on how the process would work are still unclear.

Broad swath of CEOs line up against “Wall Street” reform provision – Washington Post

May 14, 2010

The U.S. Senate may call its financial regulatory overhaul a “Wall Street reform bill,” but corporate leaders from across U.S. industry are lining up to oppose one of¬† its provisions, the Washington Post writes. The newspaper says chief executives are lobbying to kill a “proxy access” provision of the legislation that would make it easier for shareholders to nominate board directors at publicly traded companies, and thus exercise a tighter rein on management.

UK coalition may yield more “sensible” financial reform — The Economist

May 14, 2010

Britain’s new coalition government may come up with a better approach to financial reform than the Liberal-Democrats and Conservative¬† partners would do invididually, and any compromise “will go further and faster” than the ousted Labour government,¬† The Economist writes.

ANALYSIS-Credit rating agencies should not be dupes

May 14, 2010

By Dan Wilchins

NEW YORK, May 13 (Reuters) – New York Attorney General Andrew Cuomo is looking at whether investment banks duped credit rating agencies, but a bigger question is why the rating agencies failed to prevent the financial meltdown.

COLUMN-What’s in a word? Senate battle on derivatives: John Kemp

May 10, 2010

— John Kemp is a Reuters market analyst. The views expressed are his own —

By John Kemp

LONDON, May 10 (Reuters) – May or shall. Even one small word can make a big difference. Lobbyists for financial services firms and officials from the Commodity Futures Trading Commission (CFTC) and the U.S. Treasury are sparring over a single word in the derivatives reform legislation being considered by the U.S. Senate.

US Senate OKs plan for dismantling ailing financial giants – details

May 5, 2010

WASHINGTON, May 5 (Reuters) – The U.S. Senate on Wednesday approved an amendment to a sweeping Wall Street reform bill that would set up a new government protocol for seizing and dismantling large financial firms that are in distress.

White House highlights “lobbyist loopholes” in regulation debate – link

May 4, 2010

The White House published a top 10 list of “lobbyist loopholes” sought by Wall Street in Senate debate on an overhaul of financial regulation. Here is a link to the list, which tellingly omits the banking industry’s desire to strike a provision that would force banks to spin off their lucrative swaps desks.

BREAKINGVIEWS-Is Obama losing control of U.S. financial reform?

May 3, 2010

— The authors is a Reuters Breakingviews columnists. The opinions expressed are his own —

FACTBOX-Key amendments to Wall Street reform bill in US Senate

April 30, 2010

WASHINGTON, April 29 (Reuters) – More than 100 amendments were circulating on Thursday in the U.S. Senate as debate began on a sweeping bill to overhaul financial regulation.

NYSE Euronext lobbying more, rosy on market reform

April 30, 2010

By Jonathan Spicer

NEW YORK, April 29 (Reuters) – NYSE Euronext has ramped up its lobbying effort in Europe, and the exchange operator’s chief said that it should benefit from regulatory changes on both sides of the Atlantic.