AFR Letter: Oppose HR 5893
AFR sent a letter to the Hill urging members to oppose HR 5893. This legislation would significantly hamper ability of regulators to institute any new oversight on our largest banks, and it should be rejected.
AFR in the News: JPMorgan losses clip banks’ efforts to fight derivatives reform
Banks are finding it harder to fight proposed reforms of the $300 trillion U.S. privately traded derivatives market because of outrage over JPMorgan’s credit derivatives losses. By Karen Brettell NEW YORK | Mon Jul 16, 2012 Lobbying efforts continue, nonetheless, as many important rules have not been hammered
A speech by Federal Reserve Governor Sarah Bloom Raskin on the need for a final Volcker rule stronger than the proposed rule…
Governor Sarah Bloom Raskin At the Graduate School of Banking at Colorado, Boulder, Colorado July 23, 2012 How Well Is Our Financial System Serving Us? Working Together to Find the High Road Thank you for inviting me to the Graduate School of Banking at
AFR Letter: Oppose HR 4323
AFR sent a letter to members of Congress urging them to oppose H.R. 4323, which would weaken consumer protections and increase the amount of fees paid by families on their mortgages. This bill would also undermine the CFPB.
AFR Statement on SEC Consolidated Audit Rule
FOR IMMEDIATE RELEASE: July 12, 2012 CONTACT: Erin Kilroy at 202-466-1885 erin@ourfinancialsecurity.org AFR STATEMENT ON SEC CONSOLIDATED AUDIT TRAIL RULE Washington DC – Americans for Financial Reform, a coalition of more than 250 national, state, and local organizations working together for strong Wall
AFR Statement on Approval of New Derivatives Rules
AFR released a statement regarding the approval of new derivatives rules by the CFTC and the SEC.
AFR in the News: In New Rules to Shine Light on Derivatives, Regulators Also Allow Exemptions
In New Rules to Shine Light on Derivatives, Regulators Also Allow Exemptions New York Times By Ben Protess July 10, 2012 The rules, stemming from the Dodd-Frank financial regulatory law, will give regulators more control over the $700 trillion derivatives industry, an opaque business that was
AFR Statement on Barclay’s LIBOR Manipulation
AFR Statement on Barclay’s LIBOR Manipulation The finding that Barclays manipulated LIBOR rates, as well as the news that other major banks are under investigation for similar actions, is another vivid demonstration of why we cannot trust the banks to govern themselves. These actions demand
Tell Congress It Is Time to End Conflicts of Interest at the Federal Reserve
With estimates of JP Morgan’s trading losses now climbing as high as 9 billion there have been increasing calls for Jamie Dimon to resign from the board of directors of the New York Federal Reserve. It is indeed outrageous that Dimon is on the board of
AFR Statement on CFTC Guidance on Cross Border Derivatives
AFR Statement Regarding CFTC Guidance On Cross Border Derivatives On Friday June 29th the CFTC released a critical guidance on cross border derivatives transactions. This guidance makes clear the Commission’s intention to ensure that foreign affiliates of U.S. banks comply with the new derivatives protections