Financial Regulatory Forum

Wall Street reform gridlock seen after US elections

November 1, 2010

By Kevin Drawbaugh

WASHINGTON, Oct 28 (Reuters) – If Republicans make big gains in U.S. Congressional elections on Tuesday, as expected, Wall Street and big banks will have sweet, but incomplete, revenge on Democrats who drove through sweeping financial reforms against industry opposition.

ANALYSIS-Even with new rules, life goes on for Wall Street

June 27, 2010

By Steve Eder

NEW YORK, June 25 (Reuters) – U.S. lawmakers have hammered out a law that is designed to fundamentally change Wall Street, but financial professionals largely yawned.

ANALYSIS-Key US senator gains clout on Wall Street bill

June 9, 2010

WASHINGTON, June 8 (Reuters) – U.S. Senator Blanche Lincoln, an Arkansas moderate Democrat, is buoyed by winning nomination to a third term in the Senate but not sure of victory for her hot-button Wall Street reform — forcing big banks to spin off their swaps desks.

PREVIEW-Final act begins in U.S. Congress on Wall St reform

June 7, 2010

By Kevin Drawbaugh

WASHINGTON, June 7 (Reuters) – Negotiators from the U.S. Senate and House will begin meeting this week to craft a final Wall Street reform bill, with banks facing changes that threaten their profits, if not their business models.

FACTBOX-Winners and losers in the U.S. Senate’s financial bill

May 21, 2010

May 21 (Reuters) – The U.S. Senate on Thursday approved a bill that would overhaul the country’s financial system and usher in new rules for Wall Street.

US watchdogs may still get ‘Volcker rule’-consultant

April 13, 2010

    FRANKFURT, April 12 (Reuters) – U.S. banking supervisors could get indirect powers to ban proprietary trading by banks even if the “Volcker rule” is not in the financial reform bill, a banking consultant with close contact to decision-makers said. (more…)

COLUMN-Volcker Rule unexpectedly revived by Dodd bill: John Kemp

March 16, 2010

— John Kemp is a Reuters columnist. The views expressed are his own —

By John Kemp

LONDON, March 16 (Reuters) – Paul Volcker’s proposed ban on banks’ proprietary trading or owning hedge funds or private equity funds has been unexpectedly revived in the financial regulation bill published by Senate Banking Committee Chairman Christopher Dodd yesterday.

UK must erase taxpayer subsidy for banks – minister

March 8, 2010

By Matt Falloon

LONDON, March 8 (Reuters) – Britain wants to remove the implicit taxpayer subsidy to banks but must not be left alone in clamping down on the financial sector, financial services minister Paul Myners said on Monday.

Obama reasserts Volcker rule, U.S. Senate bill seen

March 4, 2010

WASHINGTON, March 3 (Reuters) – The Obama administration reasserted its commitment to banning proprietary trading by banks with draft legislative language on Wednesday, despite signs that the U.S. Congress is unlikely to adopt such a rule.