Financial Regulatory Forum

Geithner open to changes in consumer finance watchdog

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.

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Obama’s “pay czar” says weighing power to claw back compensation

By Steve Eder

MARTHA’S VINEYARD, MASSACHUSETTS (Reuters) – Kenneth Feinberg, the Obama administration’s pay czar, said on Sunday he has broad and “binding” authority over executive compensation, including the ability to “claw back” money already paid, and he is weighing how and whether to use that power. (more…)

Drive for international accounting convergence slows

By Huw Jones
LONDON, Aug 17 (Reuters) – The credit crisis is hindering as well as helping the drive to create a globally accepted set of accounting rules, and it may take intervention by world leaders to keep the effort on track.

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ANALYSIS-Emerging currency revaluation back on global table

By Mike Dolan
LONDON, Aug 5 (Reuters) – Western governments seem set on preventing currency appreciation snuffing out nascent economic recoveries, helping reignite bets on a devaluation of major currencies against those of the emerging economic giants.

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American Express pays $340 mln for U.S. bailout warrants

By Jonathan Stempel
NEW YORK, July 29 (Reuters) – American Express Co paid the U.S. Treasury Department $340 million on Wednesday to redeem warrants to buy its stock, allowing it to fully escape the government’s bank bailout program.

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US Senate Commerce panel head seeks GM/Chrysler audit

WASHINGTONTerminated Chrysler dealer, July 24 (Reuters) – Congress turned up the heat on General Motors Corp and Chrysler Group with a senior lawmaker calling for a U.S. Treasury Department review of decisions to cut more than 2,000 dealers. (more…)

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