FOR IMMEDIATE RELEASE DATE: September 19, 2011 CONTACT: John Carey at 202-466-1854 john@ourfinancialsecurity.org AFR Statement on Leaked Details of Volcker Rule Washington, DC – Americans for Financial Reform, a coalition of more than 250 national and state organizations working together for strong
Click here to view this week’s highlights and lowlights in Wall Street Reform – September 10, 2011 – September 16, 2011.
Questions Arise About UBS Risk Controls Alistair MacDonald and Deborah Ball (WSJ – subscription required) September 16, 2011 “Risk-management and control specialists are again questioning the banking industry’s ability to manage risks and regulator’s efforts to police the sector after a UBS AG trader lost
Global Standards Sought on Rules Victoria McGrane (WSJ – subscription required) September 16, 2011 “Treasury Secretary Timothy Geithner in a letter Wednesday assured Congress that the Obama administration and federal regulators are working with their international counterparts to see they adopt similar rules requiring market
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 —
Click here to view AFR’s comment letter to the SEC regarding the study on assigned credit ratings for structured finance products mandated by section 939F (Franken Amendment) of Dodd-Frank. We said it is vitally important that the Commission explore more sweeping reforms designed to directly
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
Click here to view an August 29 letter from the Federal Reserve asking Capital One Financial Corp. where businesses overlap and what their market share is in these areas.
Click here to view this week’s highlights and lowlights in Wall Street Reform – September 3, 2011 – September 9, 2011.
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.