(New York Times) — Giant banks, while bracing for a wave of tougher regulation in Washington, will not have to face a new set of global rules on capital and liquidity anytime soon. The world’s biggest economies have been developing rules that would require banks to hold more capital and be better equipped to absorb […]
(Forbes) –Financial regulation is one of the bogeymen that have spooked asset markets over the past month. The SEC’s case against Goldman Sachs has revitalized the regulatory reform dialogue and renewed concerns of earnings volatility and valuations. The outcome is of little consequence now that Goldman Sachs ( GS – news – people ), and other large banks, by association, has […]
(Crain’s) — While the financial regulatory reform bills moving through Congress are mainly aimed at New York bankers blamed for the economic crisis, Chicago’s financial firms will also feel the increased regulatory heat. Regardless of how Senate and House versions of the bills are reconciled, the federal government will be more closely monitoring and curtailing […]
(Medill Reports) — President Barack Obama explained in broad strokes to a downstate Quincy audience Wednesday the four points of his proposed financial reforms: accountability and ending bailouts, closure of loopholes on derivatives, consumer protections and shareholder say on executive pay. But financial experts here said that some elements of the reforms, despite resistance in […]
(LATimes.com) — President Obama made a forceful new push Wednesday for a sweeping overhaul of financial regulations to avert future economic catastrophes, but the long-sought legislation is in danger of stalling amid a gathering Capitol Hill firefight similar to the bitter healthcare battle. The proposed overhaul, which has moved to the top of Democrats’ legislative […]