Financial Regulatory Forum

FACTBOX-Political roadblocks to Obama’s budget

February 3, 2010

Feb 2 (Reuters) – U.S. President Barack Obama faces major hurdles to get his $3.8 trillion budget plan through Congress. Obstacles include members of his own — at times fractious — Democratic Party.

Big UK investors baulk at FSA bank oversight

July 16, 2009

   By Raji Menon
   LONDON, July 16 (Reuters) – Major UK institutional investors boadly welcomed David Walker’s report on improving corporate governance in banks, but baulked at the idea of the financial regulator monitoring fund managers’ compliance on engagment.

US Treasury to name up to 9 fund managers-source

July 2, 2009

   NEW YORK, July 1 (Reuters) – The U.S. Treasury Department is expected to name as many as nine fund managers to operate the long-awaited Public-Private Investment Program (PPIP) to cleanse banks of toxic assets, a person familiar with the plan said on Wednesday.