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Demolished is the only word that correctly describes Martin Wolf''s analysis of banks' bogus claims regarding capital and return on equity, including that the world will virtually end if they aren't allowed a... Read More
WHAT’S THE RULE?  The Securities and Exchange Commission on June 22, 2011 adopted final rules on the reporting requirements for advisers to private funds that are exempt from the new registration mandate under the... Read More
WHAT’S THE RULE? The Commodity Futures Trading Commission on Sept. 1 published a final rule on the standards and core principles that swap data repositories (SDRs) must adhere to under Dodd-Frank, spelling out the... Read More
Bank of England Bank for International Settlements Basel Committee on Banking Supervision The Commodity Futures Trading Commission The Conference of State Bank Supervisors The Group of 20 The Federal Deposit Insurance... Read More
The Baseline Scenario Betting the Business The Big Picture Brad DeLong Bronte Capital Calculated Risk Christopher Whalen Credit Slips Dealbook The Economic Policy Institute Blog Felix Salmon Finance Watch FT... Read More
Once again the House Financial Services Committee conducted a hearing to examine the recommendations of a Dodd/Frank study regarding the operation of the Securities Exchange Commission. A second hearing objective was to... Read More
The hearing focused on the Securities and Exchange Commission’s study that recommended broker/dealers adhere to stronger standards in advising clients, similar to those that apply to investment advisers. Most witnesses... Read More
The Senate Banking Committee’s hearing on the nomination of Richard Cordray as the first director to the Consumer Financial Protection Bureau illustrated why it is very unlikely Cordray will ever receive Senate... Read More
In his opening statement Chairman Randy Neugebauer voiced strong objections to various provisions of the new financial reform law.  Neugebauer said the big three credit-rating agencies continued to conduct business as... Read More
Mark Wetjen was subjected to fairly routine questions about his nominated position to be a member of the Commodity Futures Trading Commission.  Wetjen was introduced to the Committee by Majority Leader Harry... Read More
It was the Senate Banking Committee’s turn to note the one year anniversary of the signing of the Dodd-Frank law. But the hearing was hardly a celebration among members. Chairman Tim Johnson sounded a theme of “... Read More
Senate Banking Committee members critical of the Dodd-Frank rules took turns complaining about various aspects of the new law. The specific topic of the hearing, the establishment of the Consumer Financial Protection... Read More
This hearing gave Dodd-Frank Act opponents another opportunity to pursue the belief that the implementation derivatives regulations would prove too burdensome. Chairman Frank Lucus used his opening statement to say the... Read More
This was one of the few Dodd-Frank hearings to date that concentrated on the feasibility of a particular regulation- the mandate to create new swap-execution facilities (SEF) to bring derivatives trading into the... Read More
The first anniversary of the signing of the Dodd-Frank law served as the theme of this hearing’s review of the implementing its derivatives section. Ranking GOP member Pat Roberts set the tone in his opening... Read More
Yet another hearing providing critics of the Dodd/Frank Act with a forum to contend that the law did not end the bailouts for too-big-to-fail firms. Congressman Ed Royce cited a recent study indicating larger financial... Read More
This hearing was intended to draw attention to another criticism often used by opponents of the Dodd-Frank Act.  These critics argue the regulation of the derivatives industry will result in American firms... Read More
The Senate Banking Committee’s Securities Subcommittee conducted a wide-ranging hearing on the status of the securities markets in the aftermath of the 2008 financial crisis. In his opening remarks, Chairman... Read More
The stated purpose of the hearing was to examine a belief often used by Dodd-Frank critics that the law has not eliminated too-big-to-fail financial institutions. Opponents contend that by designated these firms “... Read More