Financial Regulatory Forum

SOPA, FATCA and the Volcker Rule: the border busters

February 17, 2012
By John Mackie (Canada)

(Business Law Currents) – The global nature of business has perhaps never been more evident than in the wake of the U.S. housing crisis, the natural disasters in Japan and the ongoing European sovereign debt ruckus. Industries and national economies do not exist in a vacuum, nor do the regulatory changes which nations seek to implement in order to address widespread concerns.

U.S. Treasury nominee: some swaps may stay off exchanges

March 2, 2010

WASHINGTON, March 2 (Reuters) – The nominee for the U.S. Treasury’s top domestic post on Tuesday said he believed certain derivatives contracts, such as dollar swaps, could be exempted from being traded on exchanges under Obama administration proposals to boost market transparency.

US Treasury to sell warrants to buy Bank of America stock

March 1, 2010

WASHINGTON, March 1 (Reuters) – The U.S. Treasury Department said on Monday it will auction off 272.17 million warrants to buy stock in Bank of America Corp later this week.

Volcker urges U.S. curbs on big banks’ risky trades

February 2, 2010

By Kevin Drawbaugh and Rachelle Younglai

WASHINGTON, Feb 2 (Reuters) – White House economic adviser Paul Volcker urged Congress on Tuesday to rein in risky investing by big banks to prevent them from becoming “too big to fail.”

Trading curbs should apply to all banks – U.S. Treasury’s Wolin

February 2, 2010

WASHINGTON, Feb 2 (Reuters) – Commercial banks should not be allowed to establish or maintain a separate trading desk, capitalized with their own resources and unrelated to customer business, a top U.S. Treasury official said on Tuesday.

US Treasury delays first step in new capital rules

January 20, 2010

By Karey Wutkowski

WASHINGTON, Jan 20 (Reuters) – The U.S. Treasury Department has missed the first deadline in its work to draft tougher capital standards, raising questions about the timeline of international efforts to ensure stronger bank balance sheets.

Treasury to dole out $3.8 billion to GMAC, raise stake

December 31, 2009

By Karey Wutkowski and Corbett Daly

WASHINGTON, Dec 30 (Reuters) – The U.S. is injecting another $3.8 billion into GMAC Financial Services to help cover mortgage losses, in a bailout that makes the government the majority owner of the auto and home finance company.

BREAKINGVIEWS-US forges risky new weapon for mortgage battle

December 30, 2009

— The author is a Reuters Breakingviews columnist. The opinions expressed are his own —

Wells Fargo sells $10.65 billion in stock to exit TARP

December 15, 2009

A U.S. flag flies above Wells Fargo & Co headquarters in San Francisco, California, April 22, 2009. NEW YORK, Dec 15 (Reuters) – Wells Fargo & Co sold $10.65 billion in stock on Tuesday, raising funds to help repay a $25 billion bailout received from the U.S. government last year.

Citi to raise $20 billion in capital to repay U.S.

December 14, 2009

By Dan Wilchins

NEW YORK, Dec 14 (Reuters) – Citigroup laid out a plan to repay the money it owes the U.S. government, including issuing about $20 billion of capital, as the bank looks to end the executive pay restrictions that came with the funds.