FDIC Chairwoman Bair Too big to fail has become worse. Its become explicit when it was implicit before.
Treasury Sec. Geithner Most consequential choices involve shades of gray, and some fog is often useful in getting things done.
Bankers and politicians agreed on little in public during this week’s World Economic Forum gathering of top CEOs and policymakers in the Swiss Alps, other than the desire to see regulations coordinated around the globe. But some attendees say it’s not clear that’s going to happen. Bankers and politicians met behind closed doors at the [...]
House debate over a vast rewrite of Wall Street regulations kicks off in a charged partisan atmosphere, with plenty of pressure from big bank and business lobbies determined to change it. At the same time, according to an AP article by Jim Kuhnhenn in the Washington Examiner, moderate and liberal Democrats are displaying their muscle, [...]
Set aside, for a moment, Jamie Dimon’s argument that the United States’ “too big to fail” policy should end — albeit not by capping the size of American banks. According to an article by Kevin Dobbs on SNL.com, a growing number of community bankers and industry experts say the heart of the problem is simple: [...]
Struggling banks in need of deposits will soon face another hurdle that could hasten failures. According to Kevin Dobbs and Russ Yates on SNL.com, beginning Jan. 1, banks that the FDIC regards as short of “well capitalized” will not be allowed to pay more than 75 basis points above the U.S. average rate for deposits, [...]
WASHINGTON — A key Senate lawmaker is readying legislation that would dramatically redraw how the financial system is regulated, setting the chamber on a collision course with both the House of Representatives and the Obama administration, which have championed markedly different approaches. Damina Paletta of the Wall Street Journal reports the bill, which is being [...]
Politicians are putting pressure on regulators to ease up on small community banks across the U.S., a move some say could increase the cost of cleaning up the financial crisis. According to an article by Damian Paletta in the Wall Street Journal, Rep. Frank Warns on Consequences of Overreacting; Regulators Fire Back Last week, House Financial [...]
Oct. 29, 2009 | House Committee Hearing The House Committee on Financial Services holds a hearing titled “Systemic Regulation, Prudential Matters, Resolution Authority and Securitization.” Submitted Testimony
Oct. 29, 2009 | House Committee Markup | Voting Summary The House Committee on Energy and Commerce hold a markup of the Consumer Financial Protection Agency Act of 2009 (H.R. 3126) and vote 33 – 19, to approve the legislation with several amendments. The amendments would, among other things, require the CFPA to be managed by a [...]
Oct. 28, 2009 | Senate Committee Hearing The Senate Subcommittee on Securities, Insurance and Investment holds a hearing titled “Dark Pools, Flash Orders, High Frequency Trading, and Other Market Structure Issues.” Submitted Testimony and Member Statement
Oct. 27, 2009 | House Committee Markup The House Committee on Financial Services holds a markup of four pieces of legislation: the discussion draft of the Private Fund Investment Advisers Registration Act of 2009 (H.R. 3818); the discussion draft of the Investor Protection Act of 2009 (H.R. 3817); an amendment to the Federal Insurance Office Act [...]
