Financial Regulatory Forum

Financial Crisis Inquiry Commission

May 5, 2010

Live coverage of the “The Shadow Banking System” hearing.

U.S. Treasury chief Geithner, under fire, defends AIG bailout

By Reuters Staff
November 19, 2009

FINANCIAL-REGULATION/GEITHNER By David Lawder and Emily Kaiser
WASHINGTON, Nov 19 (Reuters) – U.S. Treasury Secretary Timothy Geithner defended on Thursday the costly bailout of AIG and urged swift regulatory reform to safeguard the economy from the failure of big financial firms.
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Obama systemic risk plan blasted in Congress

By Reuters Staff
October 29, 2009

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.

White House, Congress Democrat bill urges new US powers over financial firms

By Reuters Staff
October 28, 2009

U.S. Treasury Secretary Timothy Geithner (R) talks with House Financial Services Committee Chairman Barney Frank on Capitol Hill in Washington March 24, 2009.  (File Photo)   REUTERS/Kevin Lamarque (UNITED STATES BUSINESS POLITICS) By Kevin Drawbaugh and Rachelle Younglai
WASHINGTON, Oct 27 (Reuters) – The U.S. government would gain far-reaching new powers to regulate, and even shut down, large financial firms that threaten economic stability under a draft bill released in Congress on Tuesday.

White House regulatory plan won’t name systemic risk financial firms

By Reuters Staff
October 27, 2009

WASHINGTON, Oct 27 (Reuters) – Financial firms that could pose a risk to the economy will not all be named at once under Obama administration plans to tighten bank and capital market regulations, a congressional aide said on Tuesday.

US “pay czar” Feinberg expecting heat for rulings

By Reuters Staff
September 30, 2009

By Karen Pierog and Steve Eder
CHICAGO/NEW YORK, Sept 30 (Reuters) – The Obama administration’s pay czar joked Wednesday that he might have to move to Pluto to escape the fallout from his first batch of compensation decisions, which are expected in October.

Geithner open to changes in consumer finance watchdog

By Reuters Staff
September 23, 2009

U.S. Treasury Secretary Tim Geithner listens  during a meeting at the Treasury Department in Washington, September 17, 2009. By Kevin Drawbaugh
WASHINGTON, Sept 23 (Reuters) – U.S. Treasury Secretary Timothy Geithner gave cautious support to paring back the scope of a proposed government agency to protect financial consumers, but argued forcefully on Wednesday for its creation.

U.S. won’t list systemically key firms – Geithner

September 23, 2009

U.S. Treasury Secretary Timothy Geithner finishes his testimony to Committee Chairman Representative Barney Frank (D-MA) (L, in monitor) and the House Financial Services Committee on Capitol Hill in Washington, March 26, 2009 (File photo) WASHINGTON, Sept 22 (Reuters) – U.S. Treasury Secretary Timothy Geithner said in testimony prepared for delivery on Wednesday that the United States would not identify in advance financial firms that it views as systemically important.
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Top US lawmakers stress financial reform common points, delay seen

By Reuters Staff
September 22, 2009

U.S. Senate Banking Committee Chairman Chris Dodd (D-CT)(R) and Chairman of the House Financial Services Committee Barney Frank (D-MA) speak after a news conference on Capitol Hill in Washington, November 20, 2008.  REUTERS/Jim Young (UNITED STATES)By Kevin Drawbaugh
WASHINGTON, Sept 22 (Reuters) – The U.S. Congress’ two top legislators on financial reform stressed their points of agreement on Tuesday, despite lingering differences and a prediction from one that the reform debate may be prolonged.

ANALYSIS-Fatter capital rules mean lean times for big banks

By Reuters Staff
September 8, 2009

By Kevin Drawbaugh

WASHINGTON, Sept 9 (Reuters) – Banking is supposed to be boring.

That’s the quip that lobbyists and congressional aides use, only half-jokingly, to explain what’s in store for the banking industry as governments crack down with tighter regulation.