AFR commented on the FSB’s proposed principles on coordination of bank resolution authority. The comment called on regulators to prioritize reducing the complexity of international financial institutions, rather than simply attempting to manage such complexity.
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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.
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 the shadows without any government oversight. Here’s how the Wall
June 22, 2010 Senator Scott Brown Senator Susan Collins Senator Chuck Grassley Senator Olympia Snowe To Senators Brown, Collins, Grassley, and Snowe: The Americans for Financial Reform (AFR) coalition is grateful for your support for the landmark Wall Street reform legislation passed by the Senate
To: Members of the H.R. 4173 Restoring American Financial Stability Act of 2010 Conference Committee Re: Support House Offer on Title II – Resolution Authority to Improve Regulatory Capacity to Prevent the Next Financial Crisis The over 250 consumer, employee, investor, community, small business and
June 15, 2010 To Members of the H.R. 4173 Restoring American Financial Stability Act of 2010 Conference Committee Re: Protect Taxpayers by Supporting the House-Passed Pre-Funded Dissolution Fund Dear Committee members, The over 250 consumer, employee, investor, community, small business and civil rights groups who
The Honorable Chairman Dodd Committee on Banking, Housing and Urban Affairs U.S. Senate Washington, D.C. 20510 March 22, 2010 Dear Chairman Dodd: The over 200 consumer, employee, investor, community and civil rights groups who are members of Americans for Financial Reform (AFR) would like to
The Honorable Chairman Dodd Committee on Banking, Housing, and Urban Affairs United States Senate Washington, DC 20510 April 9, 2010 Dear Chairman Dodd, The over 250 consumer, employee, investor, community and civil rights groups who are members of Americans for Financial Reform (AFR) are writing
FOR IMMEDIATE RELEASE Washington, DC – Today, Tax Day, as Americans are all too aware of where their tax dollars are going, Americans for Financial Reform agrees that taxpayers should never again be on the hook for the mistakes made by the largest financial institutions. The misstatements about the