Glass-Steagall or Bank Size? Why Not Both, And More?

By: Monday May 14, 2012 12:19 pm

In the wake of JPMorgan Chase’s Fail Whale trade, proponents of stiffer regulation on Wall Street than what was ushered in with Dodd-Frank have offered a variety of solutions. In truth all of them could be beneficial in tandem to reduce risk and political influence from the financial system. For instance, Elizabeth Warren, who has [...]

Goldman Sachs Restructuring to Do End Run Around FinReg

By: Wednesday July 28, 2010 7:20 am

The ink has barely dried on the Dodd-Frank financial reform bill, and already the mega-banks, who weren’t broken up in the legislation, have figured out ways around some of it’s “toughest” elements. This is from Fox Business, grain of salt, etc., but it’s what we heard companies might do about the Volcker rule previously: Goldman [...]

Basel Committee Reaches Agreement on Many Issues

By: Tuesday July 27, 2010 6:54 am

The Basel Committee, an international consortium of financial regulators, has created a list of common standards to be followed by all banks worldwide, many standards of which delay implementation for up to seven years. 26 of the 27 countries involved agreed on the regulations, with only the representative from Germany opposing. While not all issues [...]

Treasury’s Michael Barr: Basel III Accords a Floor, Not a Ceiling

By: Friday July 16, 2010 11:20 am

I don’t have a whole lot else for you from the briefing with Assistant Treasury Secretary Michael Barr that I attended today. His touting of the financial reform bill mirrored remarks by the President from yesterday. The man who helped birth the bill thinks it’s really great. He thinks it’ll end too big to fail. [...]

FinReg Conference Committee: Leverage, Fiduciary Duty, Resolution Authority Decided Today

By: Thursday June 17, 2010 10:14 am

The Wall Street conference committee hasn’t really kicked off yet today, with lots of negotiations happening behind the scenes. The menu is pretty packed today with important issues. Resolution authority will be determined, and while the House and Senate mostly concur on this point, the House still wants to add back their banking industry pre-fund [...]

Key FinReg Components Under Threat

By: Saturday June 12, 2010 11:23 am

Mike Konczal (who I had the pleasure of meeting at the America’s Future Now conference) has written a report outlining his dream scenario for the Wall Street reform conference committee, coming up with the best of both the House and Senate bills. He has four topic headings: Making Resolution Authority Credible Getting Our Banks Capitalized [...]

Nocera: FinReg Won’t Touch Wall Street

By: Saturday June 5, 2010 5:55 pm

Joe Nocera, not exactly a flaming lefty commentator but a pretty down-the-middle business pundit, has a very good column today talking about the Wall Street reform bill and its failings. I think he gets one thing factually wrong, but otherwise it’s well worth reading. First, the misstep. In talking about the changes to the credit [...]

Kaufman Lays Out FinReg Conference Game Plan

By: Wednesday May 26, 2010 2:09 pm

Barney Frank announced his conferees for the Wall Street reform bill Wednesday, and he made the important point that the focus on the specific names is a little misplaced. The views of the leadership, and the White House, and what can garner the requisite votes, will factor into the ultimate decisions as much as the [...]

Conference Matters: What to Expect in the FinReg Negotiations

By: Friday May 21, 2010 7:25 am

With both houses of Congress now having passed a Wall Street reform bill, the action now moves to the conference committee. There, House and Senate negotiators will work to finalize a bill with new regulations for the financial services industry, and report back for a final Congressional vote. Annie Lowrey runs down the participants: The [...]

Big Banks Try To Eliminate Capital Requirements Restrictions

By: Thursday May 20, 2010 8:00 am

The Wall Street reform debate continues on the Senate floor right now, with a cloture vote still expected at 2:30pm ET. The Democratic leadership hopes they can thread the needle and get the one Republican they need so they don’t have to address Maria Cantwell’s legitimate concern about derivatives loopholes. It seems they just don’t [...]

Republican FinReg Proposal – Pretty Much The Dodd Proposal, Only A Bit Weaker

By: Wednesday April 28, 2010 8:00 am

The Republicans released their own counter-proposal for financial reform last night, and the amazing thing about it is how much it looks like the Dodd draft that they’ve filibustered twice. Sewell Chan reports: Both proposals would seek to monitor systemic risks to the financial markets, allow the government to seize and dismantle financial institutions on [...]

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