Financial Regulatory Forum

ANALYSIS – Democrats bet politics favor US financial reforms

By Reuters Staff
February 18, 2010

By Kevin Drawbaugh

WASHINGTON, Feb 18 (Reuters) – The next round of betting is near in a high-stakes game to tighten U.S. financial regulation and Democrats are wagering heavily on a hunch — that some Republicans cannot afford politically to block reform.

BREAKINGVIEWS-Volcker Rule looks more like hype than future law

By Reuters Staff
February 16, 2010
"Just a photo op"?

"Just a photo op"?

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

EU says won’t copy U.S. bank plan; bank ethics face scrutiny over Greece

By Reuters Staff
February 16, 2010
Watching the banks

Watching the banks

  BRUSSELS, Feb 16 (Reuters) – Banks in the European Union won’t face a ban on proprietary trading, the bloc’s executive body said on Tuesday, but warned the sector to check its ethics.

EU states cool to Obama proprietary trading ban for big banks -document

By Reuters Staff
February 15, 2010

BRUSSELS, Feb 15 (Reuters) – If U.S. President Barack Obama’s plan to ban proprietary trading at some banks was applied in the European Union, it could be problematic for the bloc’s universal banks, an EU document obtained by Reuters said.

US Stock exchange heads take aim at ‘Volcker rule’

By Reuters Staff
February 9, 2010

By Jonathan Spicer

NEW YORK, Feb 9 (Reuters) – The heads of the top U.S. stock exchanges have poured cold water on the Obama administration’s plan to bar banks from proprietary trading.

Obama bid to rein in banks meets Senate resistance

By Reuters Staff
February 5, 2010

By Kevin Drawbaugh

WASHINGTON, Feb 4 (Reuters) – The U.S. Senate on Thursday looked increasingly likely to adopt, at best, only a watered-down version of the Obama administration’s ambitious proposal to limit risky trading by banks.

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

By Reuters Staff
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 bank regulator: proprietary trading not at core of crisis

By Reuters Staff
February 2, 2010

WASHINGTON, Feb 2 (Reuters) – The regulator of the largest U.S. banks said on Tuesday that proprietary trading was not at the root of the financial crisis and warned that excessive limits could impair some of banks’ central functions.

BREAKINGVIEWS-Obama reforms could undermine global bank rules

By Reuters Staff
January 25, 2010

G20/ By Peter Thal Larsen and Hugo Dixon

LONDON, Jan 25 (Reuters Breakingviews) – The overhaul of the global financial system has entered a new, more complicated phase. For two years, a fragile multilateralism has prevailed as the world’s largest economies agreed that changes should be designed and adopted on a global basis. The task of redesigning financial regulation was largely delegated to central bankers, regulators and other technocrats.