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From Riski
Riski is a open source project to draw together many resources which relate to the regulation of financial markets by the 111th Congress as a result of the worst "global financial crisis" in 80 years. Index of topic pages here
Contents |
Current legislation
Senate
The Senate Banking Committee is crafting legislation.
- Euro Parliament approves resolution to consider global financial transaction tax (March 10)
- Swaps Come Under Fire Wall Street Journal (March 10)
- Senate Said to Weigh $50 Billion Fund to Wind Down Failed Firms Bloomberg (March 10)
- CFTC urges end to derivatives secrecy Financial Times (March 10)
- So Where’s Consumer Protection? New York Times, (March 8)
- Europe bars Wall Street banks from government bond sales The Guardian (March 8)
- Battle Inside Fed Rages Over Bank Regulation Wall Street Journal (March 8)
- Big bank oversight to stay with Fed Financial Times (March 7)
- Frank May Scrap Overhaul Bill With Weak Consumer Unit Bloomberg, (March 5)
- Remarks of Chairman Gary Gensler Over-the-Counter Derivatives Reform, Institute of International Bankers (March 1)
- Independent consumer financial protection agency unlikely HuffPo (Feb 28)
- Financial Times story "Obama to push for stricter capital levels" (Feb 18)
House
- HR 4173, the Wall Street Reform and Consumer Protection Act passed the House on December 11, 2009 by 223-202.
- Search amendments by sponsor name. All amendments to H.R. 4173 and amendments accepted by the Rules Committee for floor votes
- New York Times voting data. House Vote 968 - H.R. 4173: On Passage The Wall Street Reform and Consumer Protection Act of 2009
House versus Senate
- Reuters summary of 20 differences between the House and Senate versions.
To see more information about various bills see current legislation.
Systemic lawmaking
Congress is writing new law on many issues related to the financial markets.
Important topics -
- Bank tax
- Break up banks
- Consumer Financial Protection Agency
- Derivatives
- Glass Steagall
- Proprietary trading
- Reform of the Federal Reserve
- Resolution authority
- Tobin tax
- Too Big to Fail
- Volcker plan
See more topics in systemic lawmaking.
Congressional oversight
The House of Representatives Oversight and Reform Committee, the GAO, the Congressional Oversight Panel and SIGTARP are undertaking reviews and investigation of some the events of the financial crisis and the use of public funds in the bailout.
See oversight efforts for AIG, Bank of America and Financial Crisis Inquiry Commission.
See more topics in Congressional oversight.
Economics, politics, democracy and beyond
This is a period of realignment following the financial crisis of 2007-09. Diverse events, constituencies, financial trends and political realities are shaping the new paradigm.
Follow media reports, academic studies, the work of global oversight groups, trade associations, law firms and bloggers here on topics related to economics, politics and democracy. Updated regularly.
Political economy originally was the term for studying production, buying and selling, and their relations with law, custom, and government. Political economy originated in moral philosophy. It developed in the 18th century as the study of the economies of states—polities, hence political economy.
Riski's purpose
Fair, stable and transparent financial markets and system are cornerstones for democracy. The credit crisis of 2007-2009 has highlighted the need to reform the regulation of our financial system to reduce systemic risk and more effectively protect investors. The authority and reach of our financial regulators is being revamped. And our nation's relation to politically empowered global agencies is being revised.
Confidence and trust in the financial system, by the people, can be developed by opening the lawmaking process to input and scrutiny.
Riski was developed as an open platform for legislators, market participants, financial technology experts, regulators, lobbyists, academics and the media to contribute to a body of knowledge about these important topics.
We recognize that various parties have points of view which may conflict and believe that exposing information to "sunlight" and public exposure will help bring common interests to the surface.
We encourage you to add or edit content on this site if you are knowledgeable.
Please include citations and/or references for all content where possible.
Riski is a project of Freerisk and Open Finance Hackers
For further information please contact Cate Long
