FOR IMMEDIATE RELEASE
DATE: September 6, 2011                                            
CONTACT: John Carey at 202-466-1854
john@ourfinancialsecurity.org          
 
AFR Statement on Cordray Nomination Hearing in Senate Banking Committee

Washington, DC – Americans for Financial Reform, a coalition of more than 250 national and …

AFR commented on the FSB’s proposed principles on coordination of bank resolution authority. The comment called on regulators to prioritize reducing the complexity of international financial institutions, rather than simply attempting to manage such complexity.

Franken Pursues Tighter Oversight of Rating Agencies
Ben Protess (Dealbook/NYT)
September 1, 2011
“The Dodd-Frank Act cracked down on the credit rating agencies, the firms that awarded rosy ratings to bonds backed by junky mortgages, but some lawmakers …

3 Questions on Financial Stability
Simon Johnson (Herald Tribune – FL)
September 1, 2011
“The Dodd-Frank financial legislation of 2010 created a Financial Stability Oversight Council, tasked with taking an integrated view of risks in and around the …

Big banks squawk about Basel Committee reforms
Ira Teinowitz (The Deal)
August 30, 2011
“Big bank holding companies and financial groups are criticizing the Basel Committee’s attempt to toughen capital standards for banks under Basel III, as well as …

Americans for Financial Reform (AFR) hosted a conference call with reporters and bloggers on Thursday, September 1, 2011 to discuss problems in the oversight of the major credit rating agencies and ways to achieve better ratings agency accountability under the Dodd Frank Act.