Financial Regulatory Forum

U.S. won’t list systemically key firms – Geithner

September 23, 2009

U.S. Treasury Secretary Timothy Geithner finishes his testimony to Committee Chairman Representative Barney Frank (D-MA) (L, in monitor) and the House Financial Services Committee on Capitol Hill in Washington, March 26, 2009 (File photo) WASHINGTON, Sept 22 (Reuters) – U.S. Treasury Secretary Timothy Geithner said in testimony prepared for delivery on Wednesday that the United States would not identify in advance financial firms that it views as systemically important.
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U.S. House ‘concept paper’ has mandatory OTC derivatives clearing

By Reuters Staff
July 29, 2009

WASHINGTON, July 29 (Reuters) – The leaders of the two U.S. House committees overseeing U.S. securities and futures markets agree that over-the-counter derivatives should move onto regulated exchanges and go through clearing in most cases, according to a “concept paper” that will guide bill-drafting.

US Senate Commerce panel head seeks GM/Chrysler audit

By Reuters Staff
July 24, 2009

WASHINGTONTerminated Chrysler dealer, July 24 (Reuters) – Congress turned up the heat on General Motors Corp and Chrysler Group with a senior lawmaker calling for a U.S. Treasury Department review of decisions to cut more than 2,000 dealers. (more…)

U.S. financial regulators stake out turf defenses

By Reuters Staff
July 24, 2009

U.S. Treasury Secretary Timothy GeithnerBy Kevin Drawbaugh
WASHINGTON, July 24 (Reuters) – Senior U.S. financial regulators defended their turf in remarks to be delivered on Friday at a congressional hearing on the Obama administration’s sweeping regulatory reform agenda. (more…)