Financial Regulatory Forum

    Oct 15 (Reuters) – A U.S. voluntary disclosure programme that helps wealthy Americans avoid criminal prosecution when disclosing secret offshore bank accounts expires on Oct. 15. (more…)

    WASHINGTON, Oct 14 (Reuters) – The House Financial Services Committee is to begin work on Wednesday on a top priority for the U.S. Congress — legislation to mend regulatory holes exposed by last fall’s financial crisis. (more…)

   By Rachelle Younglai and Charles Abbott
   WASHINGTON, Oct 13 (Reuters) – One year after financial markets faltered worldwide, U.S. lawmakers are determined to write a softer package of regulatory reforms than those requested by the Obama administration. (more…)

    WASHINGTON, Oct 13 (Reuters) – The head of the New York Stock Exchange said on Tuesday that it was not necessary to bring more oversight to high frequency trading, a split-second stock trading strategy that has come under regulatory scrutiny. (more…)

    WASHINGTON, Oct 7 (Reuters) – President Barack Obama will seek this week to rally support for his proposal to create a watchdog agency that would protect consumers from risky financial products.
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   NEW YORK, Oct 5 (Reuters) – The U.S. Securities and Exchange Commission on Monday adopted a single set of rules for “clearly erroneous” trades, eliminating a mixed bag of standards that exchanges used to monitor increasingly electronic trading. (more…)

   By Kevin Drawbaugh
   WASHINGTON, Oct 5 (Reuters) – Firms ranging from airlines to agribusiness would be exempt from new rules on compulsory clearing of derivatives transactions under a bill in Congress aimed at tightening oversight of the financial system. (more…)

    ISTANBUL, Oct 5 (Reuters) -   Federal Deposit Insurance Corp Chairman Sheila Bair told a group of international bankers on Sunday that officials might want to consider “the very strong medicine” of limiting secured claims to 80 percent, although she said such a proposal would need to be carefully weighed. (more…)

   By Kevin Drawbaugh
   WASHINGTON, Sept 30 (Reuters) – The head of the Federal Reserve will step back from one of the most controversial parts of the Obama administration’s drive for financial regulation reform, saying sweeping new oversight powers proposed for the U.S. central bank should be shared with other regulators. (more…)

   By Jonathan Stempel
   NEW YORK, Sept 30 (Reuters) – A little over a year ago, Bank of America Corp <BAC.N> Chief Executive Kenneth Lewis was a hero on Wall Street with his audacious purchase — some would say rescue from certain collapse — of Merrill Lynch & Co, following less than two days of talks. (more…)