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. lawmaker unveils financial firm break-up plan
U.S. House Democrats sharpening ‘too big to fail’ plan
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.
Banks sense danger, warn U.S. Congress on breakup power
By Kevin Drawbaugh
WASHINGTON, Nov 16 (Reuters) – Some of the world’s largest financial firms on Monday urged a top U.S. lawmaker not to pursue big bank break-up legislation, an idea attracting interest in Congress and causing alarm on Wall Street.
Sen Dodd seeks more muscle in US financial reforms
By Kevin Drawbaugh
WASHINGTON, Nov 10 (Reuters) – Pushing for tougher changes in U.S. financial regulations, the Senate’s top banking legislator on Tuesday proposed a new super-cop to police banks, a systemic risk agency and strong consumer protections.
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EXCLUSIVE – IMF exploring insurance levy on banks
By Brian Love
PARIS, Nov 8 (Reuters) – The International Monetary Fund is exploring the idea of making banks pay insurance fees to fund any future rescues in the sector, IMF managing director Dominique Strauss-Kahn said on Sunday.
US senator offers ‘too big to fail’ bank break-up bill
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.”
European Central Bank welcomes new role in new European supervisory body
FRANKFURT, Nov 4 (Reuters) – The European Central Bank welcomed plans to give it the key role in a new European supervisory body, saying it would neither distract it from ensuring price stability nor create a threat to its independence.
US lawmaker favors curbing size of financial firms
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.
U.S. financial reform faces Republican challenges
By Kevin Drawbaugh and Rachelle Younglai
WASHINGTON, Nov 2 (Reuters) – Key U.S. senators are still deeply divided on basic financial regulation reforms, making it unlikely a bill expected soon from Senate Democrats could become law this year, analysts said on Monday.
Obama systemic risk plan blasted in Congress
By Kevin Drawbaugh
WASHINGTON, Oct 29 (Reuters) – The Obama administration’s new proposal for tackling financial risk in the U.S. economy, unveiled just two days ago, came under attack on Thursday from all sides, with critics targeting its funding and scope.
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