Financial Regulatory Forum

Consumer groups see momentum building against more White House authority over regulators

By Guest Contributor
November 20, 2012

By Emmanuel Olaoye, Compliance Complete

WASHINGTON, Nov. 20 (Thomson Reuters Accelus) – A coalition of public-interest groups is urging Congress to reject a bill that would allow the White House to review major rules proposed by the Securities and Exchange Commission and the Commodities Futures Trading Commission.

Suit against U.S. Consumer Financial Protection Bureau could force it to define limits to its authority, says banking industry lawyer

By Guest Contributor
June 29, 2012

By Emmanuel Olaoye

NEW YORK, June 29 (Thomson Reuters Accelus) – Even if a small bank’s lawsuit challenging the authority and leadership of U.S. Consumer Financial Protection Bureau fails in court, it could force the bureau to publicly define its limits, a top banking industry lawyer said.

UK gets election fever

May 6, 2010

The UK goes to the polls today in what promises to be the tightest election for 18 years. Acres of newsprint and millions of cubic feet of hot air have been expended on all the possible outcomes: from an outright Conservative majority in the House of Commons, to a Labour-Liberal Democrat coalition.
Each different permutation of power means a different path for UK policy on regulating banks, financial services and markets. Will the Liberal Democrats insist on their regulatory policy as the price for their participation in a coalition with the Conservatives or Labour? Could a minority Conservative government force through its plan to blow apart the tripartite regulatory regime? (more…)

US Sen Shelby: financial watchdog powers paramount

March 2, 2010

    WASHINGTON, March 2 (Reuters) – The top Republican on the U.S. Senate Banking Committee said on Tuesday that the powers granted to a new financial government consumer watchdog are more important than its location in the federal bureaucracy. (more…)

U.S. financial scandals seen sparking 2010 zeal

By Reuters Staff
December 30, 2009

By Dan Margolies

WASHINGTON, Dec 29 (Reuters) – The year of the Ponzi scheme will be followed by heightened regulation and more aggressive prosecutions, experts say, as U.S. officials respond to past failures.

U.S. House OKs Fed audit provision, eyes on Senate

By Reuters Staff
December 12, 2009

By Mark Felsenthal

WASHINGTON, Dec 11 (Reuters) – The U.S. Federal Reserve on Friday lost the opening round in a battle to defeat a congressional plan to subject its interest rate decisions to audits, and will now look for a comeback victory when the Senate starts to move on regulatory reforms.

Fed’s Tarullo: idea of big bank surcharge appealing

By Reuters Staff
November 10, 2009

Federal Reserve Board of Governors member Daniel Tarullo looks down during testimony at the Senate Banking Committee on Capitol Hill in Washington, July 23, 2009.(File Photo)     REUTERS/Larry Downing By John Parry
NEW YORK, Nov 9 (Reuters) – U.S. Federal Reserve Governor Daniel Tarullo on Monday endorsed the idea of requiring big banks to hold more capital and renewed his suggestion that direct efforts to limit the size of banks may be worth considering.

Reuters Summit-U.S. FDIC seeks bailout ban, risk fees

By Reuters Staff
October 21, 2009

Chairman of the Federal Deposit Insurance Corporation (FDIC) Sheila Bair speaks with reporters during the 2009 Reuters Washington Summit in Washington October 21, 2009.  REUTERS/Jonathan Ernst    (UNITED STATES POLITICS BUSINESS) By Karey Wutkowski
WASHINGTON, Oct 21 (Reuters) – Congress should eliminate any possibility of temporary bailouts in draft legislation that would give the government power to break up troubled, systemic financial firms, a top U.S. bank regulator said on Wednesday.

ANALYSIS-Activists hit compromises on U.S. financial reform

By Reuters Staff
October 20, 2009

U.S. Representative Barney Frank (D-MA), chairman of the House Financial Services Committee, holds a field hearing in Boston, Massachusetts March 23, 2009. (File photo) REUTERS/Brian Snyder By Kevin Drawbaugh
WASHINGTON, Oct 20 (Reuters) – The watering down of U.S. financial regulation reform in Congress drew questions on Tuesday from consumer advocates wondering what will be left of the Obama administration’s plan once lawmakers are done.

US voters believe there are enough financial regulations – poll

By Reuters Staff
October 20, 2009

WASHINGTON, Oct 20 (Reuters) – Most Americans believe enough regulations are on the books to avoid another financial crisis, a new poll found on Tuesday in a sign of dampening enthusiasm for more rules.