Financial Regulatory Forum

After clash, Senate filibuster ends with a whimper

April 29, 2010

Just a few minutes after the Senate failed for a third time in as many days to reach the 60-votes needed to approve a cloture motion on the financial reform bill (failing 56-42), Senate Majority Leader Harry Reid rose to his feet and asked the chamber’s presiding officer: “Mr President, I now ask unanimous consent the motion to proceed to S 3217 be agreed to”.
After the president officer asked for objections, and heard none, he replied “Without objection, it is so ordered”, according to the Congressional Record, Reuters columnist John Kemp writes. (more…)

PREVIEW-Reuters Summit-Banks face pressure to get dull

April 26, 2010

By Kevin Drawbaugh

WASHINGTON, April 25 (Reuters) – If the U.S. Congress approves financial regulation reform — and that looks likely to happen soon — banking stands to become a duller business.

FACTBOX-US swaps reforms proposed by Agriculture panel

April 23, 2010

WASHINGTON, April 23 (Reuters) – The Senate Agriculture Committee has proposed tough rules for the previously unregulated $450 trillion derivatives market, including a requirement for banks to spin off their swaps trading desks.

Democrats press advantage on financial reform

April 22, 2010

   By Andy Sullivan and Kevin Drawbaugh
   WASHINGTON, April 21 (Reuters) – Democrats in the U.S. Senate pressed forward on a sweeping regulation overhaul on Wednesday, backing a measure to drive banks from the lucrative derivatives market at the heart of the financial crisis. (more…)

from The Great Debate:

Financial reform bill puts GOP in dilemma

April 20, 2010

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

Financial reform legislation is set to reach the Senate floor as early as this week. With U.S. President Barack Obama and Senate Majority Leader Harry Reid holding most of the cards, pressure on Senate Republicans and Wall Street to find a compromise is becoming intense.

The Senate Banking Committee's own version of reform (S 3217) was placed on the calendar of the Senate late last week (Calendar No 349) from where the Democratic majority leader can call it up for debate at any time.

FACTBOX – How does the EU plan to shake up financial services?

April 7, 2010

BRUSSELS, April 7 (Reuters) – The European Union (EU) is embarking on an overhaul of financial services that politicians hope will send bankers back to their roots of no-frills lending to households and business.

ANALYSIS – Obama tackles Wall Street reform in next big push

March 25, 2010

By Caren Bohan

WASHINGTON, March 25 (Reuters) – Fresh from his victory on landmark healthcare legislation, U.S. President Barack Obama is ready to take on Wall Street.

ANALYSIS – Dodd bill takes pass on key U.S. broker reforms

March 24, 2010

By Helen Kearney

NEW YORK, March 23 (Reuters) – As Senator Christopher Dodd’s financial regulatory reform bill heads to the full Senate, brokerages for now have escaped tougher regulation thanks largely to fierce lobbying by insurers.

SCENARIOS-How U.S. financial regulation fight might play out

March 23, 2010

March 23 (Reuters) – The financial regulation debate has a long way to go in the U.S. Congress, with the action shifting to the full Senate and big headlines unlikely until April.

BREAKINGVIEWS-U.S. financial reform process takes risky turn

March 23, 2010

— The author is a Reuters Breakingviews columnist. The opinions expressed are his own —