Financial Regulatory Forum

Obama lays out “Volcker rule” specifics for Congress

March 3, 2010

By Karey Wutkowski and Rachelle Younglai

WASHINGTON, March 3 (Reuters) – U.S. banks would be banned from proprietary trading and other large financial firms would face quantitative limits on such activity, according to draft language on the so-called “Volcker rule” from the Obama administration.

W.House recommits to ‘Volcker rule’ bank trade ban

February 24, 2010

   By Kevin Drawbaugh
   WASHINGTON, Feb 23 (Reuters) – The Obama administration said on Tuesday it is still committed to the “Volcker rule” to ban risky trading by banks, although Congress looks increasingly unlikely to adopt the rule as proposed. (more…)

ANALYSIS – Democrats bet politics favor US financial reforms

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

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

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

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’

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

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

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.