Summit Notebook

Angelides: People make mistakes, take Alan Greenspan and Captain of Titanic

April 29, 2010

Phil Angelides, Financial Crisis Inquiry Commission chairman, says he’d rather see some taking of responsibility than hear another “I’m sorry.”

Shunning bankers

April 28, 2010

Banker bashing has become a bit of an international sport — and fraud allegations against Wall Street giant Goldman Sachs and a U.S. class-action suit against Germany’s Deutsche Bank has added more grist to the mill. So it’s small wonder that a bank lobby group struck a wistful note at the Reuters Global Financial Regulation Summit in London on Tuesday.

Eliot Spitzer loved politics, so will he run again?

April 28, 2010

This much is clear — Eliot Spitzer loved politics, he loved being New York governor, he loved being New York attorney general.

Put regulation in the hands of politicians and, well, it becomes politicised.

April 28, 2010

That, anyway, is what Europe’s new kid on lobbying block, the Association for Financial Markets in Europe (AFME’s), told the Reuters Regulation Summit about EU plans to crack down on opaque derivatives markets by insisting on central clearing of standardised contracts, trade reporting and even exchange trading.

Impasse over model haunts raters again

April 27, 2010

Credit rating agencies are back in the spotlight and, just like a year or two ago, for all the wrong reasons.

Against high Hill drama, SEC chief mum on Goldman

April 27, 2010

First of all, Securities and Exchange Commission Chairman Mary Schapiro would not talk about Goldman Sachs.

FDIC Chair Bair: think before you point that finger…

April 27, 2010

The latest blame game circulating in Washington on financial regulation may end up with those who point fingers  finding that they have three fingers pointing back.

What if there were no “too big to fail”? Fed’s Hoenig has a vision

April 26, 2010

USA/Democrats and Republicans alike on Capitol Hill say they want to toss out the concept of “too big to fail” in the financial regulation reform they are tussling over. That way if a financial firm is going to go under, it will go under, with no thought for a taxpayer handout.

CFTC’s Gensler explains the present with the past

April 26, 2010

Gary Gensler, chairman of the Commodity Futures Trading Commission, likes to go to the past — sometimes as far back as 1,000 years — to explain the financial situations of today.