Financial Regulatory Forum

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

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

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

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.
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Financial reforms gain traction in U.S. Congress

October 14, 2009

Committee Chairman Edolphus Towns (D-NY) (C), ranking member Rep. Darrell Issa (R-CA) (L) and Rep. Dennis Kucinich (D-OH) (R) talk to reporters after testimony by U.S. Federal Reserve Chairman Ben Bernanke about his role in Bank of America's acquisition of Merrill Lynch, at a hearing of the House Oversight and Government Reform Committee on Capitol Hill in Washington, June 25, 2009.    REUTERS/Jonathan Ernst    (UNITED STATES POLITICS BUSINESS) By Kevin Drawbaugh
WASHINGTON, Oct 14 (Reuters) – A senior U.S. lawmaker lashed out anew over the rich pay packages awarded to executives of bailed-out banks on Wednesday, as Congress took steps to move ahead on financial regulatory reform.

US House begins assembly of financial reform plan

October 14, 2009

    WASHINGTON, Oct 14 (Reuters) – The House Financial Services Committee is to begin work on Wednesday on a top priority for the U.S. Congress — legislation to mend regulatory holes exposed by last fall’s financial crisis. (more…)

1-Year after slump, US lawmakers begin swaps reform

October 14, 2009

   By Rachelle Younglai and Charles Abbott
   WASHINGTON, Oct 13 (Reuters) – One year after financial markets faltered worldwide, U.S. lawmakers are determined to write a softer package of regulatory reforms than those requested by the Obama administration. (more…)

US House to act on financial reform in November – Hoyer

October 6, 2009

House Majority Leader Rep. Steny Hoyer (file photo).  WASHINGTON, Oct 6 (Reuters) – The U.S. House of Representatives is expected to debate financial regulatory reform next month, Democratic leader Steny Hoyer said on Tuesday.

U.K. watchdog agrees to analyse impact of new bank rules

September 30, 2009

LONDON, Sept 30 (Reuters) – Britain’s financial regulator said on Wednesday it will sketch out how to determine if a bank poses risks to the broader system , and may require higher capital charges to contain risks.

Rep. Frank revises planned U.S. consumer agency bill to meet business demands

September 25, 2009

REGULATION-SUMMIT/ By Karey Wutkowski and Rachelle Younglai
WASHINGTON, Sept 25 (Reuters) – Powerful U.S. lawmaker Barney Frank bowed to some of the financial industry’s demands and softened parts of his bill to create an agency to protect consumers from risky financial products, according to a copy of the draft bill first obtained by Reuters on Friday.

EU leaders at G20 to seek bonus curbs, retained stimulus

September 18, 2009

Romania's President Traian Basescu (L) is welcomed by Sweden 's Prime Minister Fredrik Reinfeldt  at an informal summit of European Union heads of state and government in Brussels September 17, 2009. EU leaders met to coordinate the EU's position ahead of the G20 Summit in Pittsburgh.   REUTERS/Yves Herman By Darren Ennis and Jan Strupczewski
BRUSSELS, Sept 17 (Reuters) – European Union leaders agreed on Thursday to seek curbs on bankers’ bonuses at next week’s G20 summit and said they wanted evidence the recession is over before they stop spending to prop up their economies.