The Financial Regulation Forum
regulatory reform
Financial overhaul is mired in detail and dissent
07 Jun. Financial overhaul Is mired in detail and dissent. Nearly one year after Congress passed financial changes to rein in the banking sector, more than two dozen of the legislation’s rules are behind schedule, and no end to the wrangling over details is in sight. The delays come as regulators extend public comment periods [...]
Ex-fed official attacks Dodd-Frank regulatory reform
07 Apr. A member of Citigroup Inc.’s board who was once a Federal Reserve official accused U.S. lawmakers on Wednesday of using the financial crisis to mount an attack on the banking system’s largest players. Anthony Santomero, who used to helm the Federal Reserve Bank of Philadelphia and is now on Citi’s board, was speaking [...]
US Dodd-Frank financial regulatory reforms: Greenspan comments
The US regulatory agencies will in the coming months be bedevilled by unanticipated adverse outcomes as they translate the Dodd-Frank Act’s broad set of principles into a couple of hundred detailed regulations. The act’s underlying premise is that much of what occurred in the market place leading up to the Lehman Brothers bankruptcy was excess [...]
BIS on enhancing financial stability and resilience
14 Oct. Remarks by Mr Jaime Caruana, General Manager of the BIS, at the press launch of a report “Enhancing financial stability and resilience: macroprudential policy, tools and systems for the future” by the G30 Working Group on Macroprudential Policy, Washington DC, 10 October 2010. Let me start by saying that I am grateful for [...]
Summary of financial regulation – who should do what?
A summary of the panel discussion held on 7 September is provided below. Charles Goodhart, Sir John Gieve and Paul Mortimer-Lee say regulation is best housed within the central bank but warn challenges remain The trend for central banks to be handed additional power to regulate financial firms should be welcomed, but with caution, a [...]
World’s top banks fighting regulation
07 Sep. Top executives from some of the world’s leading banks are due to gather for a conference in Frankfurt later this week to try to forestall what they see as overly harsh regulation brought on by the global financial crisis. Existing rules failed to ensure that banks held enough capital and liquidity to withstand [...]
International regulators are making progress on tackling too-big-to-fail banks
30 Aug. Talk is cheap when it comes to solving the problem of too-big-to-fail banks. From the luxury of even today’s stuttering economic recovery it is easy to vow that next time lenders’ losses will be pushed onto their creditors, not onto taxpayers. But cast your mind back to late 2008. Then, the share prices [...]
US Congress passes regulatory reform bill
The US Congress has passed the stiffest restrictions on banks and Wall Street since the Great Depression, clamping down on lending practices and expanding consumer protections to prevent a repeat of the 2008 meltdown that knocked the economy to its knees. A year in the making and 22 months after the collapse of Lehman Brothers [...]
When will we see the US financial bill?
12 Jul. Final passage of the sweeping legislation to overhaul the US financial regulatory system is now a question of when — not if — according to Senate Democrats. Yet, there still seem to be a lot of questions about when. As in: When will the Senate majority leader, Harry Reid of Nevada, be confident [...]
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