Financial Regulatory Forum

from MacroScope:

Spitzer: NY Fed “an absolute sinkhole”

April 14, 2010

To say former New York Governor Eliot Spitzer is no fan of the Federal Reserve Bank of New York would be an understatement.

BREAKINGVIEWS – Repo 105 rams home need for global accounting standards

March 16, 2010

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

Lehman Europe administrator to offer new asset plan after losing appeal

November 6, 2009

The exterior of the world headquarters for Lehman Brothers is seen in New York September 15, 2008. REUTERS/Shannon Stapleton (UNITED STATES)   By Tom Freke
LONDON, Nov 6 (Reuters) – The administrator of Lehman Brothers’ European arm will proceed with a revised plan to return billions of hedge fund assets after a London appeal court on Friday rejected earlier proposals.

Obama readies tougher ‘too big to fail’ strategy

October 26, 2009

U.S. President Barack Obama (R) attends a fundraiser for U.S. Senator Chris Dodd (D-CT) in Stamford, Connecticut, October 23, 2009.  REUTERS/Jason Reed   (UNITED STATES POLITICS)   By Kevin Drawbaugh
WASHINGTON, Oct 26 (Reuters) – The Obama administration within days will move to get tougher with large financial firms that are in trouble by urging Congress to let the government seize control, wipe out shareholders, boot management and restructure debts, an administration official said on Monday.

Lehman: Barclays got $8.2 bln “windfall” from sale

September 16, 2009

Signs are displayed on the former Lehman Brothers, now Barclays Capital building in Times Square in New York September 23, 2008. REUTERS/Eric Thayer (UNITED STATES)   By Phil Wahba and Emily Chasan
   NEW YORK, Sept 15 (Reuters) – Lehman Brothers Holdings Inc <LEHMQ.PK> said on Tuesday that Barclays Capital Inc <BARC.L> got a $8.2 billion “windfall profit” from excess assets it took control of in the fire sale of Lehman’s U.S. brokerage business a year ago. (more…)

UK regulator to pursue firms over structured products

September 11, 2009

LONDON, Sept 11 (Reuters) – Britain’s financial watchdog said on Friday it would be taking action against firms as the result of a review into the structured products sector.

Financial reform may fail to avert another Lehman

September 10, 2009

LEHMAN/   By Huw Jones
   LONDON, Sept 10 (Reuters) – The collapse of Lehman Brothers a year ago has been likened to the 1994 crash that killed Formula One star Ayrton Senna, in the way it has spurred calls for root-and-branch review of risk in the financial sector. (more…)

U.S. Fed chief sees growth prospects, “urgent” regulatory reform need

August 21, 2009

Chairman of the Federal Reserve Ben Bernanke testifies before the Senate Banking, Housing and Urban Affairs Committee on Capitol Hill in Washington July 22, 2009. (FILE) WASHINGTON, Aug 21 (Reuters) – Following are highlights from U.S. Federal Reserve Chairman Ben Bernanke’s prepared speech to be delivered at the Kansas City Federal Reserve Bank’s conference in Jackson Hole, Wyoming.