Financial Regulatory Forum

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

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.

(more…)

Europe’s derivatives sector warns on regulation

By Huw Jones
LONDON, Sept 2 (Reuters) – The trading of privately-arranged derivatives contracts must not be forced onto exchanges and there must be no penalty for choosing not to clear trades, Europe’s derivatives industry said on Wednesday.
(more…)

Obama broker proposal gets Wall Street backing

Wall Street TradersBy Kevin Drawbaugh
WASHINGTON, July 17 (Reuters) – A lobbying group for the U.S. securities industry said on Friday it supports an Obama administration proposal to hold brokers to a higher fiduciary standard — matching that of investment advisers — when they give personalized advice to clients. (more…)

  •