AFR commented on the Federal Reserve’s proposed rule setting out risk-management standards for systemically significant financial market utilities. Examples of such entities would include major derivatives clearinghouses, key bank payment systems, and repo clearing banks. AFR’s letter urged an increase capital requirements for such entities, more specific risk management standards, and a requirement that key risk assessments be performed by impartial third parties.

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 …

Nobel Prize winning economist Joseph Stiglitz writes in Politico about the upcoming Conference Committee between the House and Senate.  He writes:
The future of improved financial regulations depends largely on how the differences between the House …

New Report Details Vast Army Of Former Federal Workers Now Lobbying For The Big Banks
A new report, released today, shows that throughout the financial reform debate, the finance industry has spent an estimated $1.4 million per day to influence Congress, …

AFR: Defeat Of Brown Kaufman Amendment Is A Win For The Banks
Overall Bill Remains Strong But Big Banks Are Working Day And Night To Weaken It
After the first full week of debate on Financial Reform …

Read FAQs about the SAFE Banking Act here – see page 3 (pdf).
Our financial system has become dominated by institutions that are “too big to fail.” Moreover, as FDIC Chairman Bill Isaac has said, they …