Financial Regulatory Forum

U.S. House poised to back financial rules overhaul

By Reuters Staff
December 11, 2009

By Kevin Drawbaugh

WASHINGTON, Dec 11 (Reuters) – The U.S. House of Representatives was expected to approve the biggest changes in financial regulation since the Great Depression on Friday, marking a win for the Obama administration.

US House tackling historic financial reforms

By Reuters Staff
December 10, 2009

By Kevin Drawbaugh

WASHINGTON, Dec 10 (Reuters) – As the U.S. House of Representatives moved closer on Thursday to debating the most sweeping changes to financial regulation proposed since the Great Depression, a raft of late amendments were headed to the floor as lawmakers wrangled over the legislation.

U.S. House to debate financial regulation overhaul

December 10, 2009
Rep Bachus: Socialism

Rep Bachus: Socialism

    By Kevin Drawbaugh
   WASHINGTON, Dec 10 (Reuters) – The U.S. House of Representatives will debate on Thursday the most sweeping changes to financial regulation proposed since the Great Depression, including broad new government powers over large banks and tighter regulation of capital markets. (more…)

US bailout fund left many problems unsolved-watchdog

December 9, 2009

    By David Lawder
   WASHINGTON, Dec 9 (Reuters) – The U.S. government’s $700 billion bailout program helped stabilize the financial system, but has done little to boost lending or stave off millions of home foreclosures, a government watchdog group said on Wednesday. (more…)

Major U.S. financial regulation reform proposals

November 24, 2009

    WASHINGTON, Nov 23 (Reuters) – Congress next week will resume work on tightening bank and capital market regulation, with the House Financial Services Committee expected to vote on Wednesday on systemic risk legislation. (more…)

Financial reforms grind forward in U.S. Congress

November 19, 2009

   By Kevin Drawbaugh
   WASHINGTON, Nov 18 (Reuters) – The U.S. Congress edged closer on Wednesday to creating new government powers to break up giant financial firms, which Europe is already doing, while a U.S. derivatives market crackdown got more complicated. (more…)

Banks, policymakers spar over new rules

November 17, 2009

   By Huw Jones and Eva Kuehnen
   LONDON/FRANKFURT, Nov 17 (Reuters) – Big banks stepped up warnings on Tuesday that tightening capital rules too soon could stall economic recovery, but policymakers said the bailed out sector cannot rely on taxpayers again in future. (more…)

Taiwan, China ink financial pact, to take effect soon

November 17, 2009

Chairman of Taiwan's Financial Supervisory Commission Sean Chen speaks during a news conference in Taipei County November 16, 2009. Taiwan has signed a financial service pact with China, allowing its banks to tap China's massive market and paving the way for banks on both sides to invest in each other, a source said on Monday. The much-anticipated pact, or memorandum of understanding (MOU), will mainly cover cross-border financial supervision. REUTERS/Stringer (TAIWAN BUSINESS POLITICS) TAIWAN OUT. NO COMMERCIAL OR EDITORIAL SALES IN TAIWAN By Faith Hung
TAIPEI, Nov 16 (Reuters) – Taiwan has signed a financial service pact with China, the Taiwan government said on Monday, allowing its banks to tap China’s massive market and paving the way for banks on both sides to invest in each other.

U.S. looks to cut deficit with unused TARP funds- WSJ

November 12, 2009

    Nov 12 (Reuters) – The White House is looking to cut its budget deficit by using some unspent funds from the the U.S. government’s Troubled Asset Relief Program (TARP), the Wall Street Journal said, citing people familiar with the matter. (more…)

Banks blasted by Congress, regulators in U.S., UK

October 23, 2009

Banks blasted by Congress, regulators in U.S., UK
   By Kevin Drawbaugh
   WASHINGTON, Oct 22 (Reuters) – Big banks took a beating from government on Thursday, both in the U.S. Congress where lawmakers backed tougher industry rules, and from U.S. and UK regulators who moved aggressively to restrain bankers’ pay. (more…)