Financial Regulatory Forum

BREAKINGVIEWS-Geithner needn’t pack his bags — yet

By Reuters Staff
January 11, 2010

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

Unlimited credit for Fannie, Freddie seen as backdoor U.S. bailout

By Reuters Staff
January 5, 2010

By Corbett B. Daly

WASHINGTON, Jan 5 (Reuters) – At a hearing last fall, U.S. Treasury Secretary Timothy Geithner told lawmakers that he and his team were working to put the $700 billion financial bailout fund “out of its misery.” But some in Washington now see a second, backdoor bailout in its place.

U.S. extends bailout fund,sees economic challenges

December 9, 2009

By David Lawder

WASHINGTON, Dec 9 (Reuters) – U.S. Treasury Secretary Timothy Geithner on Wednesday extended the government’s $700 billion financial bailout fund to October 2010, saying it was still needed for “significant challenges” in the economy.

House tax chief to press Geithner on corporate tax

By Reuters Staff
December 8, 2009

By Kim Dixon

WASHINGTON, Dec 8 (Reuters) – The head of the tax-writing House of Representatives Ways and Means Committee will press Treasury Secretary Timothy Geithner this week to back a plan to cut corporate tax rates and pay for it by closing offshore tax loopholes.

UK gives impetus to global banks tax, U.S. doubtful

By Reuters Staff
November 8, 2009

Britain's Prime Minister Gordon Brown addresses the G20 Finance Ministers meeting at a hotel in St. Andrews, Scotland November 7, 2009. A tax on financial transactions to fund future bank bailouts should be considered with urgency, British Prime Minister Gordon Brown told G20 policymakers on Saturday, a significant departure from London's line to date.      REUTERS/Andrew Winning (BRITAIN BUSINESS POLITICS)   By Huw Jones
ST ANDREWS, Scotland, Nov 7 (Reuters) – Britain urged world governments on Saturday to consider a levy on banks to fund future bailouts, departing from long-held opposition, though there was little sign of the consensus needed to make it fly.

WRAPUP 1-Obama financial reforms advance in U.S. Congress

By Reuters Staff
October 28, 2009

Onlookers gather outside the historic Federal Hall where U.S. President Barack Obama is speaking in the heart of Wall Street in New York September 14, 2009. Obama, marking a year since Lehman Brothers collapsed, urged financial firms Monday not to fight regulatory reform and urged Congress to pass his proposals by the end of the year. (File Photo)     REUTERS/Larry Downing (UNITED STATES BUSINESS POLITICS)   By Kevin Drawbaugh
WASHINGTON, Oct 27 (Reuters) – The Obama administration made gains on Tuesday in its push for U.S. financial reform, unveiling a landmark bill to tackle systemic risk in the economy and winning congressional committee approval for a measure to expose hedge funds to more government scrutiny.The systemic risk bill would grant vast powers to a new systemic risk regulatory council, the Federal Reserve and the Federal Deposit Insurance Corp to monitor and address risks to economic stability posed by shaky financial holding companies.

ANALYSIS-U.S. TARP bailout fund may outlive expiry date

By Reuters Staff
October 22, 2009

US Treasury Secretary Timothy Geithner (R) engages with reporters during the 2009 Reuters Washington Summit in Washington, October 20, 2009.  REUTERS/Jonathan Ernst    (UNITED STATES POLITICS BUSINESS) By Glenn Somerville
WASHINGTON, Oct 21 (Reuters) – The Obama administration appears to want to keep an inherited $700 billion financial rescue fund going past its scheduled expiry at year-end, but is retooling the program to focus on more than just banks.

Reuters Summit-Geithner: Obama team to toughen ‘Too big to fail’ fix

By Reuters Staff
October 21, 2009

By Karey Wutkowski
WASHINGTON, Oct 20 (Reuters) – The Obama administration is planning to send lawmakers a fresh, tougher proposal that would give the government more tools to wind down troubled financial firms and reduce the idea of “too big to fail,” U.S. Treasury Secretary Timothy Geithner said on Tuesday.

Reuters Summit-Geithner says core U.S. TARP programs ending

By Reuters Staff
October 21, 2009

US Treasury Secretary Timothy Geithner (R) engages with reporters during the 2009 Reuters Washington Summit in Washington, October 20, 2009.  REUTERS/Jonathan Ernst    (UNITED STATES POLITICS BUSINESS) By Glenn Somerville and David Lawder
WASHINGTON, Oct 20 (Reuters) – The Obama administration will shutter programs at the heart of a $700 billion financial bailout but remains focused on supporting a fledgling economic recovery, Treasury Secretary Timothy Geithner said on Tuesday.

China wants IMF to fix world monetary system, U.S. sees surveillance role

By Reuters Staff
October 6, 2009

By Simon Rabinovitch and David Lawder
ISTANBUL, Oct 6 (Reuters) – The IMF needs to fix “intrinsic defects” in the world’s monetary system, China said on Tuesday as officials from around the globe wrestled with how best to ward off future financial crises.