News Topic: regulation-reform

Regulators currently entrusted with the task of policing Wall Street are facing a well-funded, well-connected and politically shrewd beast. ... Read full article

The special inspector general for Tarp worked in the subbasement of the Treasury Department. Watchdogs given an inconvenient, dank, dark, dirty and desolate office maybe won't stay long. ... Read full article

As Standard Chartered deals with the fallout over accusations it laundered money for Iran, some wonder if Washington has been overreaching. ... Read full article

Despite the low number of prosecutions under Sarbanes-Oxley, crimes committed by banks have been punished with big fines. Too bad that's not enough to keep them from offending again. ... Read full article

London equals weak regulation. Self-regulation equals self-interested regulation. Libor is set in London, by banks, through self-regulation. Why all the shock and outrage when banks set it to suit themselves? ... Read full article

Simply stated, merchants have agreed the Visa/MasterCard interchange fee settlement resolves all past disputes and establishes a system that will govern payments in the future. Nothing remains for Congress, or anyone else, to address. ... Read full article

Resurrecting Glass-Steagall means resurrecting the large, highly-leveraged investment banks engaged in high-risk trading for their own accounts. ... Read full article

Shouldn't we want to preserve the benefits of being big, global and diversified if society can manage these banks' risk exposures and support their stabilizing effects on economic order? ... Read full article

The Small Business Lending Enhancement Act would let credit unions help small businesses and our economy without costing taxpayers a dime. Whether lifting the cap creates one job or 1,000, it would be a success. ... Read full article

This is no time to start unwinding the largest banks. There's enough uncertainty in this fragile economy. But starting a conversation now about the costs and benefits will lay the groundwork for sound action when conditions improve. ... Read full article

The modern, neo-Glass-Steagall advocacy has a mystical quality about it, an appeal that proposes to rise above the tough debate over the thorny details and reach back to a mythical time when bank regulation worked so very well. ... Read full article

In a society where blatant expressions of discrimination are largely considered to be unacceptable, discrimination often takes on subtler and more insidious forms. ... Read full article

A Congressional investigation found HSBC engaged in money laundering and sanctions busting for ten years, in multibillion-dollar amounts. Perhaps not coincidentally, the bank has been disinvesting from the U.S. Let's invite them to complete their ... Read full article

As the HSBC hearings demonstrate, there's a growing expectation that individuals, not just institutions, will be held accountable. Recent enforcement actions also show a more risk-based, rather than rules-based, approach. ... Read full article

For many, it is more beneficial to take advantage of mechanisms that are integral to the fabric of the company and of the financial ecosystem, as a way to achieve compliance and maximize investments in current foundations. ... Read full article

Financial markets remain highly complex webs subject to major systemic shocks we are ill-equipped to identify before our financial system melts down. ... Read full article

A regulatory settlement or a Senate hearing can remove a particular cloud enveloping an institution, but create deeper doubts than the ones it removes. ... Read full article

Use eminent domain to refinance unaffordable mortgages, cut through the mire of servicers, home equity investors and trustees. Protect homeownership and communities while respecting everyone's property rights. ... Read full article