Senate draft commentary
From Riski
Official Congressional documents
- Fully tagged version of Dodd-Frank Act
- Dodd-Frank Act FINAL version Government Printing Office
- Wall Street Reform: Amendments to the Conference Base Text Senate Banking Committee
- Key Amendments to S.3217, Senate Financial Regulatory Bill New York Times
- FACTBOX-Key amendments to Wall Street reform bill in US Senate Reuters (April 30)
- Side-by-Side Analysis of Financial Regulatory Reform Proposals and CFA Institute Views May 21, 2010
- What Every Wall Street Professional Needs to Know about Dodd-Frank Wall Street and Tech
- ---Wall Street Reform: Amendments to the Conference Base Text Senate Banking Committee
- ---Senate Vote 162 - Final Passage of Senate Financial Overhaul Bill New York Times
- ---Finalized text of the Senate passed legislation of May 20, 2010 GPO
- ---S.3217 - Restoring American Financial Stability Act of 2010 Senator Dodd's bill at Thomas.gov
- ---Senator Dodd's legislation filed with the Senate clerk on April 16
- ---Senate Banking Committee approved the Manager's amendment & Senator Dodd's March draft party line vote of 13-10 (March 22)
- ---Video of the Senate Banking Committee markup hearing C-Span.org (March 22)
- ---Summary analysis of amendments to the March draft Davis Polk (March 23)
- ---Spreadsheet of amendments to the March draft - downloadable (March 22)
- ---Summary of the March draft Senate Banking Committee (March 15)
- ---'Wall Street Transparency and Accountability Act of 2010' Senator Blanche Lincoln's derivatives legislation (April 20)
- ---One page summary The Wall Street Transparency and Accountability Act of 2010 Senate Agriculture Comm (April 21)
- ---Four page summary of the Wall Street Transparency and Accountability Act of 2010 Shearman & Sterling (April 23)
- ---S.3098 - PROP Trading Act Senator Merkley's bill standalone version of the "Volcker" rule
- ---S.3241 - SAFE Banking Act Senator Brown bill creates size and leverage limits on banks
- ---Republican Financial Regulation Counter-Proposal (April 27)
May Senate commentary
May 26
- After the Greek Default Project Syndicate
- Monitoring Financial Interconnectedness, Including the Data Template for Global SIFIs IMF
- Calculator to see effect of bond haircuts on ECB capital Reuters Breakingviews
- Work Plan for the Consideration of Incorporating IFRS into the Financial Reporting System SEC
- US derivative regulators claim laws will hand trade to Europe Financial Times
- Fed Gave Banks Crisis Gains on Secretive Loans as Low as 0.01% Bloomberg
- SEC Proposes New Rules and Amendments to Implement: Dodd-Frank Provisions Concerning NRSROs Morrison Foerster
May 25
- Getting the Most Out of International Capital Flows OECD
- Test Success and Bank Opacity Liberty Street Economics
May 24
- Quick View: Asia deepens regulatory complexity Financial Times
- SEC Deepens Probe of Forex Trading Wall Street Journal
May 23
- Interactions of sovereign debt management, monetary conditions and financial stability Committee on the Global Financial System
- Stealth Government Debt Liquidation Empirical Finance Blog
- Greece’s worst enemy: The self-serving ECB The Globe and Mail
- Prosecutors Faulted on Failing to Catch Credit-Crunch ‘Bandits’ Bloomberg
- Reverse Repo Counterparties List Federal Reserve Bank of New York
- ISDA Publishes "The Economics of Central Clearing: Theory and Practice," A Discussion Paper on Clearing Issues Business Wire
- MSRB Holds Meeting to Consider Dodd-Frank Related Rules DerivSource
May 22
- IOSCO finalises principles to address dark liquidity IOSCO
- Enhanced Guidance on Commercial Real Estate Risks Needed GAO
- Rate swap volumes set to surge on new system Financial Times
May 21
- Timothy Lane: The changing face of risk in the global financial system BIS
- Banks and Derivatives Gorton and Rosen, NBER
- Federal Reserve Policies and Financial Market Conditions during the Crisis Federal Reserve Bank of Chicago
May 20
- Graphic: Eurozone Credit Ratings Thomson Reuters
- Default risk of sovereign debt: CDS prices Thomson Reuters
- Prof. Karl Whelan on Ireland's Sovereign Debt Crisis The Institute of International and European Affairs
- PIIGS 2010 GDP, debt and deficit Asymptotix
- The Shadow Banking System May Be Positioned To Step Into The Light Standard & Poor's
- ESMA issues Guidelines for credit ratings issued outside the European Union after 6 June 2011 ESMA
- ESMA announces the appointment of the Securities and Markets Stakeholder Group ESMA
- The extend and pretend exposé – coming to a bank near you FT Alphaville
- NY Fed Primary Dealer Data Stone Street Advisors
- Rule of Law: Banker Criminality Demands Prosecution The Big Picture
- President Obama to Nominate SEC Commissioner Who Wants to Prevent Regulatory Arbitrage Jim Hamilton's Blog
- Craig Lewis Named SEC Chief Economist and Director of RiskFin Division SEC
- Mortgage Delinquencies by State: Before Crisis, Peak and Current Calculated Risk
May 19
- Prudential Regulation Authority: Our approach to banking supervision Bank of England
- The Regulatory Philosophy of the Prudential Regulatory Authority FSA
- A Telling Tale of Two Tables Expected Loss
- Federal Reserve Issues Proposed Ability-To-Repay Rule Morrison & Foerster
- Credit Risk, How Do I Retain Thee? Let Me Count the Ways (and the Exceptions) K&L Gates
- When Regulators Side With the Industries They Regulate New York Times
- Obama nominates Gallagher as SEC commissioner Reuters
May 18
- Commodities and defunct economics (Part 2): John Kemp Reuters
- Performance Benchmarking of Australian Business Regulation Australian Government Productivity Commission
- OTC derivatives market activity in the second half of 2010 BIS
- Change to guidance: reporting of on exchange derivative transactions conducted through exchange platforms FSA
- One or Two Repositories for Interest-Rate Swaps? Securities Technology Monitor
- Why and How to Design a Contingent Convertible Debt Requirement Harvard Law School Forum
- Tim Geithner and stuffed elephants at the Harvard Club FT Alphaville
- Rating Agencies Face Crackdown New York Times Dealb%k
- Icap confident broking platform will meet new rules Financial Times
May 16
- Eurozone credit ratings Thomson Reuters
- S&P to lower prices after Brussels probe Financial Times
- ECB Asks Court to Block Greek Swap Disclosure, Cites Market Risk Bloomberg
- Fear Companies Lurking in Dark Financial Shadows: Simon Johnson Washington Post
- A comparative analysis of the boards of the largest US and European banks Nestor Advisors
- Democrats warn on derivatives rules Financial Times
- Competition Policy Issues in Financial Markets EU
- A colour-coded guide to the Greek crisis FT Alphaville
- Lars Nyberg: Is it dangerous to borrow dollars? BIS
- Kohn ‘regrets’ pain of millions in financial crisis Financial Times
May 14
- New Book Discusses Role of Sovereign Wealth Funds in the Post-Crisis World IMF
- Interactive map European banking markets Deutsche Bank
- "Swap Dealers and Major Swap Participants Should Not be Treated as Identical Twins" submitted by Blackrock SEC
- A Low Bid for Fixing a Big Mess New York Times
May 11
- SEC Seeks Comment to Assist in Study on Assigned Credit Ratings, Examines Utility Model IECA
- CFTC and Banking Regulators Issue Proposed Margin Requirements for Non-cleared Swaps K&L Gates
- The People vs. Goldman Sachs Rolling Stone
May 9
- Standards for Rapid Resolution Plans Pew Financial Reform Project
- Risk of Default in Foreign-Exchange Swaps High, Duffie Says Bloomberg
May 8
- Exchanges in Asia: Trends and perspectives Australian Securities and Investments Commission
- OCC’s Quarterly Report on Bank Trading and Derivatives Activities Fourth Quarter 2010 OCC
- The IMF’s Switch in Time Project Syndicate
May 5
- Institutions that Used Primary, Secondary or Other Extensions of Credit From the Federal Reserve Kamakura
- Greater Power Over Wall Street, Left Unexamined New York Times
- Issuer and Obligated Person Voluntary Disclosures on EMMA MSRB
- The Destruction of Economic Facts Bloomberg
May 4
- EU financial system still weighed down by risk European Systemic Risk Board
- Report to the Secretary of the Treasury from the Treasury Borrowing Advisory Committee of SIFMA US Treasury
- Twilight of the Übermenschen Epicurean Dealmaker
May 2
- Portugal Agrees on Aid Plan With Wider Budget Deficit Targets Bloomberg
- The bank lending channel: lessons from the crisis, ECB
- Inequality Rising Across the Developed World New York Times
- Financial Industry Trade Associations Coalition Releases Framework for a Global Legal Entity Identifier System SIFMA
April Senate commentary
April 30
- EU investigates banks over credit default swaps use BBC
- EU probing CDS market for collusion — full statement [updated] FT Alphaville
- Treasury Blocks Regulation Of Market That Sparked $5.4 Trillion Fed Bailout Huffington Post
April 29
- Markit Statement on European Commission CDS Inquiry Markit
- Goldman Sachs, JPMorgan Among 16 Banks Probed by EU Over CDS Bloomberg
- Swiped: Banks, Merchants And Why Washington Doesn't Work For You Huffington Post
- TRACE Fact Book Quarterly Tables FINRA
- FASB Changes Rules for Lehman-like Repo Agreements Accounting Today
April 28
- Future of Financial Advice Prioritises Consumers Australian Treasurer
- Financial advice reforms well targeted Abacus
- Parsing expectations Research Puzzle
- SEC Proposes Rule Amendments to Remove Credit Rating References SEC
- SEC poses plan to curb reliance on credit ratings, but regulators cite difficulties Washington Post
- The Volcker Rule and Goldman Sachs Harvard Law School Forum
- NY Fed deploys senior supervisors to Wall Street Reuters
- NY Fed auctions $1.22 bln of fourth Maiden Lane bid list IFR
- Low-key regulator in line to take on Wall St titans Reuters
- Wall Street Tames Washington Truth Out
- New derivatives accounting rules could distort assets, liabilities Fincad
April 25
- France: Lessons from Past Fiscal Consolidation Plans IMF
- FSA welcomes the High Court's dismissal of the BBA's judicial review of new PPI complaints FSA
- Remuneration Code (SYSC 19A)
- Testimony of J. Nellie Liang, Director, Office of Financial Stability Policy and Research Federal Reserve
April 23
- Macroprudential policy – building financial stability institutions Paul Tucker, Bank of England
- FSB to strengthen the oversight and regulation of the shadow banking system Banknet India
- Basel III and the impact on financial markets Mr Nout Wellink, Chairman of the Basel Committee on Banking Supervision
- Fiscal Issues Deutsche Bank Securities
- Study and Recommendations on Section 404(b)of Sarbanes-Oxley Act For Issuers with Public Float Between $75 and $250M SEC
- A Crack in Wall Street’s Defenses New York Times
- Sewers, Swaps and Bachus New York Times
April 21
- Preventing the Next Crisis NYU Stern
- Antitrust Criminal Charges Threaten Survival of Big Banks Forbes
- Sixteen Questions for Dr. Bernanke’s Press Conference The Aleph Blog
- Regulators Serve Up Alphabet Soup Wall Street Journal
- Obama Said to Choose Gallagher as Casey’s Replacement at SEC Bloomberg
- J.P. Morgan Announces Trade Matching Functionality ISS-Mag
April 20
- Tax Havens Or Financial Sinkholes? Financial Task Force
- Interim Report for the Eighth Review of the Fund’s Data Standards Initiatives IMF
- Modern Monetary Baloney, Fundamental Values, and the Unaddressed Requirement for Reform Jesse's Cafe
- Obama administration officials tried to keep S&P rating at ‘stable’ Washington Post
- Factbox: Key players in the debt limit debate Reuters
- Dodd-Frank and SEC blaze new trail for credit ratings Westlaw Business Currents
- SEC Seeks Public Comment on Effective Investor Education Programs SEC
- SEC Names Leiman-Carbia Head of Broker-Dealer Examinations Unit Bloomberg
April 19
- Progress in the Implementation of the G20 Recommendations for Strengthening Financial Stability FSB
- Solvency II in context FSA
- Fukushima and Derivatives Meltdowns Project Syndicate
- Graphic: Government debt, deficits and bond yields Reuters
- Kotlikoff: financial system is a Ponzi scheme that could collapse at any time Q-Finance
- Financial System Riskier, Next Bailout Will Be Costlier, S&P Says Huffington Post
- S&P springs downgrade warning on US debt The Independent
- On actually writing the (currently implied) Bernanke put FT Alphaville
- US Treasury's Wolin hits back at Dodd-Frank critics Reuters
- FDIC’s Bair: Banks may need new capital buffers Marketwatch
- Twelve banks worldwide sued for manipulating Libor Reuters
- ISDA Proposes Registry for Standardized OTC Derivatives Securities Technology Monitor
- CLO Update O’Melveny & Myers LLP
- Americans Shun Cheapest Homes in 40 Years as Ownership Fades Bloomberg
April 18
- UK official to chair key EU bank regulation committee Reuters
- Investment Funds Allege Banks Conspired to Manipulate Libor Bloomberg
- Statement of Treasury Asst Secretary for Financial Markets Mary Miller on Credit Rating Agency Announcement US Treasury
- Treasury And Market Responses To S&P Stunner ZeroHedge
- Live Blogging The S&P Conference Call ZeroHedge
- Has the Treasury Benefited from Issuing TIPS? Federal Reserve Bank of San Francisco
- FDIC Report Examines How An Orderly Resolution of Lehman Brothers Could Have Been Structured Under the Dodd-Frank Act FDIC
- Foreclosure Probe Talks Said to Yield Some Agreements With Banks Bloomberg
- Key Senators Urge SEC to Prohibit Executive Hedging as Part of Dodd-Frank CCH Federal Securities Law Reporter
April 17
- Finance Chiefs at IMF Split Over Forces Behind Capital Flows Bloomberg
- China trims holdings of US securities in February AP
- Graphic of the Day: Euro Zone Credit Ratings Reuters
- Alert on splintering of derivatives reform Financial Times
- Has The Fed, In Its Stealthy Synthetic Bet To Keep Long-Term Yields Low, Become The Next AIG? ZeroHedge
- House Republican Budget Plan Delivers Massive Gift to Wall Street Center for American Progress
- Code of Conduct for Members of a Pension Scheme Governing Body CFA Institute
- Fatal Risk – the must-read book on AIG's failure Bronte Capital
April 16
- G20 backs warning plan against future crises ABC News
- G20 backs early-warning plan against future crises Reuters
- World finance chiefs chastise U.S. on budget gap Reuters
- Communiqué of 23rd Meeting of the International Monetary and Financial Committee of the Board of Governors International Monetary Fund
- Crisis Program Review - Spring 2011 IMF
- Stanley Fischer: Central bank lessons from the global crisis BIS
- Masaaki Shirakawa: One month after the great East Japan earthquake – critical role of financial infrastructure BIS
- Australia's Response to the Global Financial Crisis Australian Deputy Prime Minister and Treasurer
- Wall Street Presses Republicans to Reach a Deal on Debt Ceiling Wall Street Journal
- Oversight of the Financial Stability Oversight Council before the Subcommittee on Oversight and Investigations Arthur J. Murton, FDIC
- Mortgage Debt Relief For Distressed Homeowners Won't Hurt Big Banks, IMF Says Huffington Post
- Homework Regulators Aren’t Doing New York Times
- Senate Report Urges SEC to Rank Accuracy of Credit Rating Agencies CCH Federal Securities Law Reporter
- Reform for the Covered Bond Industry on the Horizon Harvard Law School Forum
- Jamie Dimon Takes Up the Pen Economics of Comtempt
- Broke U.S. States’ $48 Billion Debt Drives Unemployment Assistance Cuts Bloomberg
- Can we trust regulators Dylan Ratigan
April 15
- Sovereign Debt Report for Q1 2011 CMA
- Financial Stability Board publishes a background note on shadow banking FSB
- Thematic Review on Mortgage Underwriting and Origination Practices Peer Review Report Financial Stability Board
- Fed Balance Sheet Holdings, Excess Reserves Hit New Record; Agency Prepayments Plunge ZeroHedge
- Fed president calls for more regulation CNN Money
- Washington Weekly SIFMA
- U.S. House Republicans Move to Delay Derivatives Rules 18 Months Bloomberg
- The Promise of Living Wills Economics of Contempt
- Deutsche Bank's Dodd-Frank Gambit: Too Clever by Half Economics of Contempt
- Goldman Sachs Values Assets Low, Sells High To Customers As Senate Panel Alleges Double Dealing Huffington Post
- Rating Agencies Repeatedly Caved To Banks' Demands And Helped Cause Crisis, Report Finds Huffington Post
- OCC couldn't wait for state AG settlement Housing Wire
- CFTC to explore reference data repository for derivatives Finextra
- Phil Angelides Discusses America's Dual Justice System: One For Wall Street And One For Everyone Else ZeroHedge
- Investment Banking Scorecard Thomson Reuters
April 14
- Companies Can Argue Systemic-Risk Designation, Treasury Says Bloomberg
- U.S. Asks if Banks Colluded on Libor Wall Street Journal
- Senate Investigations Subcommittee Releases Levin-Coburn Report On the Financial Crisis U.S. Senate
- In Financial Crisis, a Dearth of Prosecutions Raises Alarms New York Times
- Goldman Traders Tried to Manipulate Derivatives Market in '07, Report Says Bloomberg
- Goldman Sachs Misled Congress After Duping Clients, Levin Says Bloomberg
- Naming Culprits in the Financial Crisis New York Times
- Senate panel slams Goldman in scathing crisis report Reuters
- Credit raters triggered financial crisis: panel Reuters
- The Citigroup Rule Economics of Contempt
- Senator Richard Durbin's letter to James Dimon, JP Morgan Chase re interchange fees U.S. Senate
- Insurers Take on AIG Stigma in Bid to Avert Fed Risk Oversight Bloomberg Government
- Overcooked Coco Deus Ex Macchiato
- Robust Capital Regulation Federal Reserve Bank of New York
- U.S. Mortgage Markets: If Rates Rise Fitch Ratins
April 13
- Governments Need to Tackle Fiscal Risks IMF
- A Fiscal Indicator for Assessing First and Second Pillar Pension Reforms IMF
- G20 to work on imbalances plan amid crowded agenda Reuters
- Where to put the ring-fence: implications of the UK bank report Reuters
- Christopher Whalen: Why Congress should vote no on raising the debt ceiling Reuters
- Today's Exercise In Wristslapping: Full Text Of Draft Bankter-Regulator Settlement ZeroHedge
- Money funds face multipronged threat to existence Reuters
- SEC Could Gain Authority to Regulate Muni Disclosure Wall Street Journal
- Fed wary of swaps rules for foreign firms Reuters
- Vows of Change at Moody’s, but Flaws Remain the Same New York Times DealB%k
- Deutsche Bank to restructure U.S. operations: report Reuters
- Non-US sovereigns should collateralise swaps, say US bank regulators Risk.net
- JPMorgan Ex-Structured Product CDO Head Llodra May Face SEC Suit Bloomberg
April 12
- Long-term Interest Rates, Risk Premia and Unconventional Monetary Policy Reserve Bank of Australia
- The market for sovereign default recoveries FT Alphaville
- ASIC proposes major improvements in quality of prospectuses ASIC
- Conversation: Volcker and Soros Institute for New Economic Thinking
- Systemically Confused Wall Street Journal
- Primary Dealer Fixed Income Holdings Plunge To Lowest Since February 2007 ZeroHedge
- A large dislocation in the repo markets FT Alphaville
- SEC's Budget Increases By Half of Requested Amount Compliance Week
- Dodd-Frank Provisions Delayed As Much As 6 Months Compliance Week
- Proposed Rules Regarding Margin for Uncleared Swaps CFTC
- Machine-readable OTC derivatives contracts move a step closer Finextra
- US swaps crackdown looks to spare businesses Reuters
- Crisis in the States and Cities New America Foundation
- The Real Housewives of Wall Street Rolling Stone
April 11
- Complacent Europe must realise Spain will be next Financial Times
- EU, IMF, ECB meet in Lisbon next week for bailout aid Reuters
- Britain to fight for Iceland billions in court ABC News
- British and Dutch to Sue Over an Icelandic Debt New York Times
- Interim Report - Consultation on Reform Options - April 2011 Independent Commission on Banking
- U.K.’s ‘Moderate’ Bank Report Calls for More Capital, Sales Bloomberg
- Crisis and Renewal: International Political Economy at the Crossroads Institute for New Economic Thinking
- Everything You Wanted to Know about the Tri-Party Repo Market, but Didn't Know to Ask Liberty Street Economics
- The future of banking: is more regulation needed? Financial Times
- JPMorgan Accused of Breaking Its Duty to Clients New York Times
- Resolving the deadlock over credit ratings Pensions and Investments
- NYSE Board Backs Deutsche Boerse Takeover Bloomberg
- The Post-Crash: Wall Street Won New York Magazine
- Goldman Sachs chief Blankfein was 'stunned' by SEC lawsuit: extract from Money and Power The Telegraph
April 10
- IMF Activates Expanded New Arrangements to Borrow (NAB) Banknet India
- Global accounting rule setters urged to take time Reuters
- Bank of England's Haldane warns of emerging market asset bubbles Reuters
- The Big Fish Small Pond problem Andrew G Haldane, Executive Director, Financial Stability, Bank of England
- Diverse regulatory tools and practices in markets: The need for global coordination Vox
- Keynesians in the recovery Hon Wayne Swan MP, Deputy Prime Minister and Treasurer, Australian Government
- Burning bondholders versus concessions on bailout interest rates NAMA Wine Lake
- Two Major Tests for Bank Regulators Economics of Contempt
- A suspicious sniff at CoCos Naked Capitilism
- US regulators close to deal over foreclosures Financial Times
- SEC May Make it Easier For Everyone to Invest in Startups Beta Beat
- The squid and the whale Financial Times
- Enriching a Few at the Expense of Many New York Times
April 9
- UN Principles for Responsible Investment to look at fixed income ESG integration Responsible Investor
- Banks participating in the 2011 EU-wide stress test EBA
- European Stress Tests to Examine Banks’ Readiness for Basel III Bloomberg
- Sifi requirements will create new TBTF breed GFS Investor
- Prudential Standards and Guidance Notes for ADIs APRA
- Swan blocks ASX takeover proposal Business Day
- Survey of Consumer Finance 2009 Federal Reserve
- Publication of Joint Study on the Feasibility of Mandating Algorithmic Descriptions for Derivatives SEC
- SIFMA Washington Weekly | April 8, 2011 SIFMA
- Why it's a problem that only rating agencies rate their performance PF2 Securities
- Are Federal Regulators Kicking the Can Further Down the Road on the Foreclosure Fraud Crisis? Rortybomb
April 8
- IMF Says Taxes, Fees, Surcharges May Have Place in Reducing Systemic Risks Bloomberg
- Basel Develops Method to Identify Banks Posing Systemic Risk Bloomberg
- ABS Industry Blasts E.U. Rating Plan Total Securitization
- Congressional Oversight Chairs Urge SEC and CFTC to Adopt Broad End-User Exemptions CCH Federal Securities Law Reporter
- Testimony: Deputy Director, Division of Banking Supervision and Regulation Federal Reserve
- Proposed rule to repeal Regulation Q, which prohibits the payment of interest on demand deposits Federal Reserve
- SEC Takes Light-Touch Approach Against Lawbreakers, Critics Say Huffington Post
- SEC sees fiduciary standards late in 2011-SIFMA Reuters
- MSRB Announces Erik Sirri is Leading Market Structure and Trading Study MSRB
- Protection Racket Forbes
- Contested Pricings List Expected Loss
April 7
- U.S. Fiscal Meltdown in Spitting Distance: Laurence Kotlikoff Bloomberg
- Basel III: Stronger Banks and a More Resilient Financial System Basel Committee on Banking Supervision
- Basel III Liquidity Requirements: Not Set In Stone Economics of Contempt
- Basel III Liquidity Requirements Economics of Contempt
- Reducing the Chance of Pulling the Plug on Liquidity Roubini Global Economics
- Repo Runs Federal Reserve Bank of New York
- Outstanding U.S. Bond Market Debt $ Billions SIFMA
- J.P. Morgan’s Dimon lashes out at Dodd-Frank Marketwatch
- SEC’s ex-chief accountant: Is agency a lapdog or watchdog? Public Integrity
- In Corporate Disclosure, a Murky Definition of Material New York Times DealB%k
- Fiscal woes to last decades for US states, cities-GAO Reuters
April 6
- Carry trade = quantitative easing FT Alphaville
- Basel Develops Method to Identify Banks Posing Systemic Risk Bloomberg
- Liquidity Risk — Strategic Considerations in planning for the new regulatory framework BCM International Regulatory Analytics
- Update on transition to new regulatory structure FSA
- FSA and HM Treasury publish joint consultation paper on covered bond regulation FSA
- In Europe's Rate Debate, Shades of 2008 Wall Street Journal
- Video: Standard & Poor's Responds To IASB's Exposure Draft On Hedge Accounting S&P
- Fed’s Biggest Foreign-Bank Bailout Saved U.S. Muni Bonds Bloomberg
- Federal Reserve payments study provides details on increasing role of electronic payments Federal Reserve Board
- Written Testimony by Secretary Timothy F. Geithner on the Treasury Budget US Treasury
- 2011 Compensation Determinations for Companies that Received Exceptional TARP Assistance US Treasury
- Bernanke Addresses Supervision of Financial Market Utilities Bank Digest
- New York Fed Welcomes Strategic Roadmap to Support Global Efforts in OTC Derivatives Markets Federal Reserve Bank of New York
- Letter to global supervisors on the over-the-counter (OTC) derivatives markets Managed Funds Association
- Mortgage Servicers Said to Agree to Fix Foreclosure Procedures Bloomberg
- SEC's Schapiro Sees 'Overwhelming' Task Amid Dodd-Frank Curbs Bloomberg
- SEC Announces Filing of Limit Up-Limit Down Proposal to Address Extraordinary Market Volatility SEC
- The SEC’s Asset Management Unit Compliance Building
- Robert Druskin Named Chairman Of DTCC ISS-Mag
- Bailouts: The Investment Banker Employment Act of 2008 Marketplace
- Ex-Fed Official, Now Citigroup Director, Attacks Dodd-Frank WSJ: Real Time Economics
April 5
- Financial Cycles: What? How? When? IMF
- Recent Experiences in Managing Capital Inflows: Cross-Cutting Themes & Possible Policy Framework IMF
- A network analysis of global banking: 1978–2009 IMF
- ECB announces the suspension of the rating threshold for debt instruments of the Irish government ECB
- "An Analysis of U.S. Fiscal and Generational Imbalances: Who Will Pay and How?" IMF
- The House Republicans' 2012 Budget Proposal New York Times
- The GOP Path to Prosperity Wall Street Journal
- Wall Street Lobbies Treasury on Dodd-Frank New York Times Dealb%k
- US FDIC won't change course on repo market woes Reuters
- Money Market Rates Fall to Year Lows on FDIC Fee, Bill Dearth Bloomberg
- Fund industry remains cautious amid uncertainty Financial Times
- Chairman Ben S. Bernanke: Clearinghouses, Financial Stability, and Financial Reform Federal Reserve Board
- Back in Black (Friday) Wall Street Pit
- Fed's Bond Sale Jolts Subprime Mortgage Market Awake Dow Jones
- Fitch: Regulations to Delay Wider Structured Finance Market Recovery Until 2012 Business Wire
- SEC Likely to Launch 'Trade At' Debate Trader Magazine
- BofA Was Pressed by SEC on Reserves for Mortgage Repurchases Bloomberg
April 4
- Three central banks, three directions Reuters
- PIGS or Lambs? The European Sovereign Debt Crisis and the Role of Rating Agencies University of St. Gallen
- Regulatory Globalization as a Response to Regulatory Competition Yale Law School
- EU urged to rethink insurance capital rules Financial Times
- US regulators divided on systemic risk list Financial Times
- CoVaR: A Measure of Systemic Risk Liberty Street Economics
- Windows on the Discount Window American Banker
- Treasury hits back at Dodd Frank repeal GFS News
- Sen. DeMint Introduces Bill to Repeal Dodd-Frank ABA Dodd-Frank Tracker
- OCC Lays Out Supervisory Expectations for Banks Using Quantitative Models OCC
- Appetite Grows for Exotic Asset-Backed Securities Wall Street Journal
- Private MI Industry Responds to Government Proposed Definition of Qualified Residential Mortgage Private MI
- Proposed Definition of Qualified Residential Mortgage Sets a High Standard Builder Online
- 60 Minutes on Mortgage Securitization Document Lapses and Foreclosure Fraud Naked Capitalism
- Wells Fargo's John Stumpf: How to fix the mortgage mess Fortune
- No Relief Likely for Muni Bonds Wall Street Journal
- How Stable Are Corporate Capital Structures? Harvard Law School Forum
- Poison Pills in 2011 Harvard Law School Forum
- Meet the new Goldman, same as the old… Footnoted
- FATAL RISK: A Cautionary Tale of AIG’s Corporate Suicide The Big Picture
April 3
- Why the era of top secrecy for the Federal Reserve should end The Telegraph
- Excel Breakdown Of All Discount Window Users Between March 2008 - 2009 ZeroHedge
- The Bank Run We Knew So Little About New York Times
- Run and Find Out The Epicurean Dealmaker
- Greenspan is wrong: we can reform finance Financial Times
- 60 Minutes | Foreclosure Fraud Featured this Sunday on 60 Minutes CBS News
April 2
- IMF says activates $581 billion crisis fund Reuters
- Little Progress Achieved in G20 Fight Against Tax Evasion Financial Task Force
- IMF wants Greece to restructure debt - Der Spiegel Reuters
- Commission on Banking: high-level summary of Issues Paper responses ICB
- FDIC’s Second Notice of Proposed Rulemaking under the Orderly Liquidation Authority Harvard Law School Forum
- Liquidity risk and the usefulness of stress tests Moody's Analytics
- Stress-testing: Moody's takes a look at the wider context of banking regulation Moody's Analytics
- Nils Bernstein: Proposals for mortgage credit regulation BIS
- Historical Echoes: Tulipomania—One of the Very First Financial Bubbles New York Fed Research Library
- Fed's Dudley warns of over-optimism, counters hawks Reuters
- Senate Bill Would End Housing GSE Conservatorship Bank Digest
- Breaking News! The Bankster Offer to the AGs New Deal 2.0
- Quick View: Flexible SEF model reflects the market Financial Times
- States broke? Maybe they cut taxes too much McClatchy
- Assured Guaranty to Offer Bond Insurance over TheMuniCenter's Electronic Trading Platform Assured Guaranty
April 1
- Currency Composition of Official Foreign Exchange Reserves (COFER) IMF
- IOSCO Begins Initiatives to Involve Securities Regulators in Mitigating Systemic Risk CCH Federal Securities Law Reporter
- Use of non-EEA rules in calculating group capital requirements FSA
- Debt Capital Markets Review - First Quarter 2011 Thomson Reuters
- Credit licensing: Responsible lending conduct ASIC
- Related party transactions ASIC
- Will financial problems in Portugal send European debt crisis out of control? Pravda
- An MEP out to risk-weight the eurozone FT Alphaville
- Federal Reserve Banks: Areas for Improvement in Information Systems Controls GAO
- Banks refute case for market triggers on contingent capital Euromoney
- Europe May Prohibit U.S.-Issued Ratings, Handelsblatt Reports Bloomberg
- Ratings Agencies Continue To Flail Credit Writedowns
- Hensarling-Bachus Bill Ending Bailout of Fannie Mae and Freddie Mac Introduced in the Senate Committee on Financial Services
- Frank statement on the cost of Dodd-Frank implementation Committee on Financial Services - Democrats
- Managed Funds Association on OTC derivatives clearing SEC
- Bid to End Tax-Exemption Stirs Up Bond Summit Bond Buyer
- Supply and demand in the muni market Self-Evident
- U.S. wants states to reveal more about pension funding Reuters
- Algorithmics Publishes Practitioners’ Guide to Dodd-Frank DerivSource
- Journal 31: Cass-Capco Institute Paper Series on Risk - 4th Edition Capco
- Icap’s Spencer banks on the rise of the machines Financial Times
- A Buy-side Trader’s Take on the Exchange Consolidation FIX Global
- Greifeld Betting on Oldest Securities Business With NYSE Bid Bloomberg
- Dealers facilitate funding trades for liquidity-constrained banks IFR
March Senate commentary
See March, 2011 Senate commentary
February Senate commentary
See February Senate commentary.
January Senate commentary
See January Senate commentary.
December Senate commentary
See December Senate commentary.
November Senate commentary
See November Senate commentary
October Senate commentary
See October Senate commentary.
September Senate commentary
See September Senate commentary.
August Senate commentary
July Senate commentary
June Senate commentary
May Senate commentary
April Senate commentary
March Senate commentary
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Global reform coordination
- Source: Global Financial Regulatory Reform Proposals: an overview Shearman & Sterling (March 24)
The reform proposals we discuss broadly fall within the following categories:
- reforms to supervisory frameworks;
- prudential requirements;
- governance;
- recovery and resolution of financial institutions, particularly those operating globally;
- specific market improvement; and
- extension of the reach of financial regulation.
