Topic: Christopher Dodd
WASHINGTON (Reuters) - The U.S. Senate Banking Committee on Monday, approved landmark financial regulatory reform legislation, pushing the fight over the issue to the full Senate in April.The committee voted 13-10 along party lines to pass a 1,336-page bill, which will need ...
Fresh from a landmark victory with Congress passing health care reform, the Obama administration set its sights Monday on sweeping reforms of Wall Street's "too-big-to-fail" banks.Treasury Secretary Timothy Geithner urged lawmakers to engage in the "just war" of reforming the banking sector, ...
Geithner says financial overhaul bill must protect consumers and limit banks' risk takingTreasury Secretary Timothy Geithner said Monday the administration will not accept a financial overhaul bill that does not provide strong consumer protection and restraints on risk-taking by large banks.Geithner urged ...
WASHINGTON (Reuters) - The U.S. Senate Banking Committee was on track on Monday to approve landmark financial regulatory reform legislation, pushing a fight over the issue to the full Senate in April.A committee vote would be the Senate's biggest step yet toward ...
Orlando, Florida (Reuters) - Regulators must be "significantly tougher" on large and complex financial firms to limit wider risks, but big firms are still needed to keep the global economy humming, Federal Reserve Chairman Ben Bernanke said on Saturday.Bernanke told an Independent ...
FDIC chairman says loopholes must be filled in Senate overhaul bill to end 'too-big-to-fail'A key senator has agreed with the head of the Federal Deposit Insurance Corp. to change new Senate legislation to ensure an end to the "too-big-to-fail" approach that brought ...
WASHINGTON (Reuters) - U.S. senators charged with crafting rules to regulate the $450 trillion over-the-counter derivatives market have failed to reach an agreement, Democratic Senator Jack Reed said on Friday.Reed and Republican Senator Judd Gregg had been trying to write rules to ...
This week, Sen. Christopher Dodd (D., Conn.) introduced a new version of financial reform legislation intended to prevent future financial crises by putting new limits on banks and creating a Financial Stability Oversight Council. com spoke with Professor Richard Sylla of New ...
PK) or American International Group (AIG), Senator Chris Dodd's new bill for reforming US financial regulation gives watchdogs powers to liquidate all big financial firms, not just banks. Whereas the collapse of Lehman and AIG brought the specter of financial Armageddon, a ...
U.S. Senate Banking Committee chairman Christopher Dodd unveiled his plans Monday for financial regulatory reform. Dodd had hoped to release a bipartisan bill but has been unable to do so.. Meanwhile, Senator Ted Kaufman will be delivering on Thursday "the speech for ...