Financial Regulatory Forum

U.S. lawmaker unveils financial firm break-up plan

By Reuters Staff
November 18, 2009

U.S. Rep. Paul Kanjorski, chairman of the House Financial Services Subcommittee on Capital Markets, speaks at the Reuters Financial Regulation Summit  in Washington, April 27, 2009. REUTERS/Mike Theiler WASHINGTON, Nov 18 (Reuters) – U.S. Representative Paul Kanjorski on Wednesday released a summary of a proposal to give regulators power to break up financial firms that pose a risk to economic stability.

U.S. House Democrats sharpening ‘too big to fail’ plan

By Reuters Staff
November 18, 2009

U.S. Representative Barney Frank (D-MA) holds a news conference on issues before the House Financial Services Committee on Capitol Hill in Washington, November 3, 2009.  REUTERS/Jonathan Ernst    (UNITED STATES POLITICS BUSINESS) By Kevin Drawbaugh
WASHINGTON, Nov 17 (Reuters) – A key U.S. congressional panel moved toward toughening a plan for dealing with “too big to fail” financial firms on Tuesday, while rejecting a Republican alternative backed by Wall Street.

US senator offers ‘too big to fail’ bank break-up bill

By Reuters Staff
November 6, 2009

Senator-elect Bernie Sanders (I-VT) is interviewed by a Reuters reporter at Sanders' office in Burlington, Vermont November 28, 2006. (File photo) REUTERS/Brian Snyder    (UNITED STATES)   WASHINGTON, Nov 6 (Reuters) – Senator Bernie Sanders on Friday introduced legislation that would make the U.S. Treasury Department identify and break up financial institutions that are “too big to fail.”

Big-bank containment strategy catches on in US, EU

By Reuters Staff
November 3, 2009

By Kevin Drawbaugh
WASHINGTON, Nov 3 (Reuters) – The government should be able to restrict the size of financial firms so they do not become “too big to fail,” two key U.S. Democratic lawmakers said on Tuesday, echoing proposals being made in Europe.

US lawmaker favors curbing size of financial firms

By Reuters Staff
November 3, 2009

WASHINGTON, Nov. 3 (Reuters) – The government should have the authority to break up or reconstruct financial firms before they become “too big to fail,” a prominent U.S. lawmaker said on Tuesday.

US congressional panel backs new rules for hedge funds, short of White House aims

By Reuters Staff
October 28, 2009

By Kevin Drawbaugh and Rachelle Younglai
WASHINGTON, Oct 27 (Reuters) – U.S. regulators would be able to peer into the secretive world of hedge funds and private equity funds under a bill passed by a key congressional committee on Tuesday.
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Offshore investment funds included in U.S. Congress registration bill

October 27, 2009

U.S. Rep. Paul Kanjorski (D-PA), chairman of the House Financial Services Subcommittee on Capital Markets, briefs reporters on the challenges and opportunities of reforming the U.S. financial markets, at the Reuters Financial Regulation Summit  in Washington, April 27, 2009.   REUTERS/Mike Theiler   (UNITED STATES POLITICS BUSINESS) By Kevin Drawbaugh and Rachelle Younglai
WASHINGTON, Oct 27 (Reuters) – Offshore funds would have to register with U.S. regulators under an amendment added to a bill mandating more oversight of private capital pools under debate on Tuesday in a U.S. congressional committee.

Lift seen for Obama financial reform on Fed shift

October 2, 2009

Federal Reserve Chairman Ben Bernanke testifies before the House Financial Services Committee on financial regulatory reform on Capitol Hill in Washington October 1, 2009. REUTERS/Richard Clement (UNITED STATES BUSINESS POLITICS) By Kevin Drawbaugh
WASHINGTON, Oct 1 (Reuters) – The Obama administration’s plan to form a “systemic risk” regulator for the economy looked more likely to win congressional approval after lawmakers noted a change in tone by the Federal Reserve on Thursday.