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.

Click here to view this week’s highlights and lowlights in Wall Street Reform – June 3, 2011 – June 10, 2011.

AFR submitted a comment on rules implementing the “claw back” provisions that permit the FDIC to recoup pay and bonuses from executives of a failed bank that is being resolved under the FDIC’s orderly liquidation authority. AFR favors tougher and more comprehensive claw back rules.

Under current law, there is no single body designated to look at the “big picture,” and head off financial crises like the crash of 2008 and major non-bank players in the financial market operated in …

June 22, 2010
Senator Scott Brown
Senator Susan Collins
Senator Chuck Grassley
Senator Olympia Snowe
To Senators Brown, Collins, Grassley, and Snowe:
The Americans for Financial Reform (AFR) coalition is grateful for your support for the landmark Wall Street reform legislation …