Financial Regulatory Forum

G20 takes center stage in new economic world order

September 25, 2009

France's President Nicolas Sarkozy (L) and his wife Carla Bruni-Sarkozy (2nd R) stand with U.S. President Barack Obama and first lady Michelle Obama as they arrive at the Phipps Conservatory for an opening reception and working dinner for heads of delegation at the Pittsburgh G20 Summit in Pittsburgh, Pennsylvania, September 24, 2009.     REUTERS/Philippe Wojazer (UNITED STATES POLITICS BUSINESS IMAGES OF THE DAY)   By Emily Kaiser and Darren Ennis
   PITTSBURGH, Sept 25 (Reuters) – The Group of 20 rich and developing countries were set to anoint themselves as caretakers of the global economy on Friday, giving rising stars such as China and India more say in world affairs. (more…)

Support builds for rebalancing world economy, China may balk

By Reuters Staff
September 22, 2009

Analysts said the United States' drive to agree a roadmap for a more balanced global economy could meet resistance from China which is unlikely to agree reforms that would threaten its growth. WASHINGTON, Sept 22 (Reuters) – Support grew on Tuesday for a U.S. plan to build a more balanced global economy and leaders warned against returning to business as usual once recovery takes hold.

U.S. to push for new economic world order at G20

By Reuters Staff
September 21, 2009

U.S. President Barack Obama shakes hands before speaking about the economy during a visit to Hudson Valley Community College in Troy, New York, September 21, 2009. REUTERS/Kevin Lamarque   (UNITED STATES POLITICS BUSINESS)By Alister Bull

WASHINGTON (Reuters) – The United States wants world leaders to agree this week to launch a major rethink of the world economy in November as they try to strengthen the global economy after its near meltdown.

Obama lashes out at U.S. banks over student loans

By Reuters Staff
September 21, 2009

Obama lashes out at U.S. banks over student loansTROY, N.Y., Sept 21 (Reuters) – President Barack Obama on Monday criticized the largest U.S. banks for their efforts to thwart legislation that would overhaul federal student loan programs.
Speaking at a community college in Troy, N.Y., he singled out in particular banks that have received bailout money from the federal government, saying they want to maintain the status quo on student loans because they get an “unwarranted subsidy” from it.

Obama to reassure G20 on Wall Street reform-aide

September 17, 2009

U.S. President Barack Obama speaks at the White House in Washington June 17, 2009. Obama laid out his vision for reshaping U.S. financial regulation on Wednesday, aiming to tighten oversight of large firms whose excessive risk-taking triggered a global economic slump. REUTERS/Kevin Lamarque (UNITED STATES POLITICS BUSINESS)   By Caren Bohan
   WASHINGTON, Sept 16 (Reuters) – President Barack Obama will pledge U.S. action on financial regulatory reform at the Group of 20 summit in Pittsburgh and underscore the need for global coordination on the issue, a senior aide said on Wednesday. (more…)

Sarkozy, Obama agree to work for G20 success

September 16, 2009

U.S. President Barack Obama (R) speaks with France's President Nicolas Sarkozy before a dinner at the G8 summit in L'Aquila, Italy, July 9, 2009. Leaders of the Group of Eight major industrial nations and the main developing economies are meeting in the central Italian city of L'Aquila until Friday to discuss issues ranging from global economic stimulus to climate change and oil prices. REUTERS/Stefano Rellandini (ITALY POLITICS)   By Sophie Hardach
   PARIS, Sept 15 (Reuters) – U.S. President Barack Obama and French President Nicolas Sarkozy joined forces on Tuesday ahead of the Group of 20 summit in Pittsburgh, agreeing to work toward new decisions on the economy and the financial system, Sarkozy’s office said. (more…)

Obama tries to reinvigorate Wall Street reform

September 14, 2009

FINANCIAL-REGULATION/   By Caren Bohan
   WASHINGTON, Sept 14 (Reuters) – President Barack Obama will try on Monday to revive a stalled push for stricter oversight of Wall Street, using the anniversary of Lehman Brothers’ collapse to argue for sweeping regulatory changes. (more…)

“Fed fatigue” weighs on Obama regulatory push

By Reuters Staff
July 24, 2009

USA-FED/BERNANKE-TESTIMONY By Kevin Drawbaugh

WASHINGTON, July 23 (Reuters) – The Obama administration wants to hang a new shingle over the U.S. Federal Reserve’s marble-columned door that says “systemic risk regulator.” But many lawmakers, from both parties, aren’t feeling very confident about the Fed. It’s an issue surrounding a central part of President Barack Obama’s plan to overhaul financial regulation and it prompted skeptical comments at a Senate hearing on Thursday. (more…)

Delays drag as Obama financial reforms advance

By Reuters Staff
July 22, 2009

U.S. President Barack Obama By Kevin Drawbaugh
WASHINGTON, July 21 (Reuters) – The Obama administration’s plan to form a new Consumer Financial Protection Agency, a central part of its bold regulatory reform agenda, sailed onto the shoals of congressional delay. (more…)

Obama sees battle in Congress over consumer protections

By Reuters Staff
July 21, 2009

U.S. President Barack ObamaWASHINGTON, July 21 (Reuters) – President Barack Obama said regulatory reform will be a “major battle” in Congress, where the financial industry has some powerful backers.   “Part of what really gets me frustrated is when I hear that some of the banks are resisting the idea of a consumer finance protection agency that we’ve put forward,” he said in an interview with NBC’s “Today” show that aired on Tuesday. (more…)