Financial Regulatory Forum

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

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.

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U.S. SEC pursuing “significant” insider cases – source

U.S. SEC pursuing “significant” insider cases-source
WASHINGTON, Oct 19 (Reuters) – U.S. securities regulators are pursuing “significant” insider trading cases involving financial professionals, a source familiar with the matter said on Monday.

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Lender Hypo Real Estate is nationalised in Germany with squeeze out

FRANKFURT, Oct 13 (Reuters) – The German government completed the nationalisation of stricken lender Hypo Real Estate on Tuesday, setting the stage for a prolonged legal battle with minority shareholders, including J.C. Flowers.

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