Financial Regulatory Forum

FACTBOX-Major U.S. financial regulation reform proposals

June 9 (Reuters) – Negotiators for the U.S. Senate and House of Representatives will begin on Thursday to hammer out a compromise between two competing bills representing the biggest overhaul of financial regulation since the 1930s.

A House-Senate conference committee must find a middle ground between bills passed by the two chambers. The committee’s final report could differ from earlier versions.

Once approved by both chambers, the compromise legislation will go to President Barack Obama to sign it into law. That could happen by July 4, analysts say.

The Senate bill will be used by the conference committee as its base text. Here are its key elements, how they compare to the House bill, and winners and losers on each issue:


ANALYSIS-Key US senator gains clout on Wall Street bill

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.

The proposal is one of the salient disputes for House-Senate negotiations that could begin this week on a financial regulatory reform law. The Senate endorsed the idea. The House is silent on the question.


SCENARIOS-Pivotal election for key senator in Wall Street reform

By Charles Abbott

WASHINGTON, June 7 (Reuters) – Senator Blanche Lincoln faces possible elimination in a Democratic run-off primary in Arkansas on Tuesday, putting at risk her tough stance against the big banks in Wall Street reform.

Lieutenant Governor Bill Halter held a small lead over Lincoln in polls of likely voters ahead of the vote. Lincoln led in the May 18 primary but did not get an outright majority to claim nomination for a third Senate term.

Lincoln is the author of a provision to force banks to spin off their swaps desks, which potentially could cost them billions of dollars in revenue. Lincoln says the step would prevent taxpayer bail-outs of banks due to risky trades.

FACTBOX – Comparing EU and U.S. financial reform

LONDON, May 21 (Reuters) – The U.S. Senate approved a reform of Wall Street on Thursday and President Barack Obama may be signing into law the most sweeping changes to financial rules since the 1930s as soon as next month.

It implements pledges the United States, the European Union and other leading countries in the Group of Twenty made in 2009.

With the United States set to adopt its reform soon — and thus easily meet G20 deadlines — the EU has to play catch-up in some cases. Banks are watching carefully as transatlantic differences are emerging that will affect business models.

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

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.

While last-minute changes are still possible, below are some of the likely winners and losers under the bill.


PREVIEW-Wall St. reform’s final round in U.S. Senate

By Kevin Drawbaugh

WASHINGTON, May 17 (Reuters) – The Wall Street reform fight enters its final stages in the U.S. Senate this week with an overdue reckoning on three issues that cut to the heart of how, and for whom, the financial system works.

Although a final vote is expected within days on the White House’s top domestic priority, lawmakers have yet to settle disputes on regulating over-the-counter derivatives; curbing risky trading by banks; and the power of state authorities.

There will need to be resolution on these topics before the Senate can approve a massive Democratic bill designed to make the financial system less prone to crises like that of 2007-2009.

FACTBOX-Key amendments to Wall Street reform bill in US Senate

WASHINGTON, April 29 (Reuters) – More than 100 amendments were circulating on Thursday in the U.S. Senate as debate began on a sweeping bill to overhaul financial regulation.

Here are snapshots of some of them, which the Senate will be dealing with over the next two weeks or so, and a link to the full roster. No votes on amendments are expected before Tuesday.