Recent months have seen increasing claims by some industry participants and their allies that new regulations are negatively impacting bond market liquidity in ways that may harm the economy. What is the truth of these claims? Is there in fact a serious problem with bond market liquidity? Are recent market events such as the October 15th Treasury market disruption related to new regulation, or to other market changes such as increases in electronic trading? How should regulators respond?
Tuesday, July 14th, 2:30 – 5:30 PM Russell Senate Office Building Room 485 Video Recording Elizabeth Warren, U.S. Senator from Massachusetts (Prepared remarks) Jerry Epstein, Professor, University of Massachusetts (Presentation slides) Marcus Stanley, Policy Director, Americans for Financial Reform (Presentation slides)
“Senator Shelby’s 216-page draft legislation makes sweeping changes that would significantly weaken key financial reforms passed in direct response to the events of the 2007-2009 financial crisis. It puts the wish list of the financial sector above protecting the stability of the US economy, and the safety of mortgage markets and of homebuyers. “
FOR IMMEDIATE RELEASE December 18, 2014 Contact: Marcus Stanley marcus@ourfinancialsecurity.org 202-466-3672 AFR STATEMENT ON FEDERAL RESERVE DELAY OF VOLCKER RULE IMPLEMENTATION Today, the Federal Reserve announced that it would delay the effective implementation of a crucial part of the Volcker Rule for
AFR sent a letter to members of Congress urging them to oppose HR 5471. This legislation would amend the Dodd-Frank Act to expand exemptions from derivatives clearing requirements for financial affiliates of commercial entities.
Payday Lenders Lash Back at Bilking Accusations Kevin Cirilli, The Hill, 12/31/14 Federal Reserve Gives Yet another Gift to Big Banks Steve Straehley, AllGov, 12/22/14 Elizabeth Warren Escalates Fight over Treasury Nominee Antonio Weiss, Goes to War with Wall Street Wing of Democratic Party Yves
AFR released a statement to the press regarding a GAO report on Too Big To Fail Banks and the expectations of government support for bank holding companies.
Testifying before a House Financial Services subcommittee on July 15, Lauren Saunders of the National Consumer Law Center warned against measures that “would undermine important efforts underway at the Department of Justice and banking regulators designed to ensure that banks do not facilitate illegal activity.”
