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.
FOR IMMEDIATE RELEASE May 24, 2011 CONTACT: John Carey at 202-466-1854 john@ourfinancialsecurity.org AFR Statement on Mark-up of H.R. 1573 Washington, DC – Americans for Financial Reform, a coalition of more than 250 national and state organizations working together for strong Wall Street reform, issued the
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.
View pdf here. May 20, 2011 Ben Bernanke, Chairman Board of Governors of the Federal Reserve System John Walsh, Acting Comptroller Office of the Comptroller of the Currency Sheila Bair, Chairman Federal Deposit Insurance Corporation John Bowman, Acting Director Office
The ‘Warren Report’—GOP Attacks Consumer Agency Katherine Reynolds Lews (The Fiscal Times) May 19, 2011 “Even before it formally opens its doors this summer, the new federal agency created to protect consumers from unscrupulous financial industry practices is coming under withering attack by Wall Street
Are SEC’s proposed credit-rating agency rules ‘toothless’? Alison Frankel (Thompson Reuters) May 18, 2011 “In the aftermath of the economic meltdown, the credit rating agencies have evaded liability as successfully as Superman dodges speeding bullets. Just a handful of surviving cases blame the credit rating
FOR IMMEDIATE RELEASE May 13, 2011 CONTACT: John Carey at 202-466-1854 john@ourfinancialsecurity.org AFR Statement on Mark-ups of H.R.1315, H.R. 1121, and H.R. 1667 Washington, DC – Americans for Financial Reform, a coalition of more than 250 national and state organizations working together for strong Wall
Causing a furor before it exists James Lardner (Remapping Debate) May 12, 2011 “With the passage of last year’s Dodd-Frank reform law, the 111th Congress called for the creation of a Consumer Financial Protection Bureau. Now, two months before its scheduled launch date, the ascendant
AFR Executive Director, Lisa Donner was interviewed by the BBC – click here to watch the story. 12 May 2011 Last updated at 06:24 ET Time to get tougher on the big banks, that is what Federal Reserve chief Ben Bernanke is expected to say
Read the pdf here.