Delta One Desks Are Big Moneymakers Susanne Craig and Azam Ahmed (DealBook/NYT) September 15, 2011 “The $2 billion trading loss that has rocked the Swiss banking giant UBS has also cast a spotlight on a relatively unknown but increasingly profitable corner of Wall Street —
Swap Lobbyists Pushing SEC Version of Trading Rules Over CFTC Jesse Hamilton and Silla Brush (Bloomberg) September 9, 2011 “In a match made in Congress, the Securities and Exchange Commission and Commodity Futures Trading Commission are supposed to work in tandem to oversee the $601
Consumer Protection Bureau in Political Limbo Katherine Reynolds Lewis (The Fiscal Times) September 6, 2011 “Until the Senate confirms a director, the new Consumer Financial Protection Bureau cannot impose rules on some of the worst actors in the 2008 financial crisis: payday lenders and non-bank mortgage
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 and consumer advocates contend that the regulatory
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 financial sector in the United States. Known
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 a requirement that global systemically important banks
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.
Financial Regulation Lags After Dodd-Frank Fox Business July 25, 2011 — Several new financial regulations that cover the mortgage market, the epicenter of the financial crisis, were among the first to undergo rule-making. Mortgage originators now must make sure that a borrower has the ability
Financial Reform, One Year Later Michael Krasny (KQED – San Francisco) July 25, 2011 ―Lax investment regulations and bad home loans are blamed for sparking the nation’s deepest recession in decades. In response, lawmakers Barney Frank, Chris Dodd and others introduced the Dodd-Frank Wall Street
Dodd-Frank Can’t Be the End of the Story New Deal2.0 (Roosevelt Institute) July 21, 2011 ―One year after the passage of Dodd-Frank, Roosevelt Institute Fellow Mike Konczal invited experts and those on the front lines to weigh in on what‘s happened so far and what‘s