US Congress
Treasury gets bank assistance with warrant auction
The US Treasury has recruited at least one major bank to assist it with auctioning off warrants outstanding under the Troubled Assets Relief Program (Tarp), sources close to the situation told Risk .
Hedge funds escape tighter regulation
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Schapiro wants a self-funding SEC
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Regulatory turf war hits Congress
A battle for influence among US financial regulators broke out in Congress on July 24, as they testified before a Congressional committee on the merits of the Obama administration's proposals for regulatory reform.
US Talf helps CMBS market recover
The Federal Reserve Bank of New York's Term Asset-Backed Securities Loan Facility (Talf) is helping to revive the commercial mortgage-backed securities (CMBS) market, analysts have concluded, although the chances for residential mortgages to be included…
Obama administration favours a single banking regulator
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Talf requests plunge $3bn to $1.7bn in latest funding round
Demand for loans under the US Treasury's Term Asset-Backed Securities Loan Facility (Talf) has dropped precipitously since the scheme opened in March.
US Congress tackles risk reform
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Eight CEOs face congressional bonus questions
The need for discretionary pay was one of numerous thorny issues put to chief executives of eight major banks during a hearing of the US House Financial Services Committee in Washington, DC.
"$78 billion Tarp windfall" for banks
The US Treasury paid banks $78 billion too much for bank stock and warrants under the Troubled Asset Relief Programme (Tarp), according to the programme's head of oversight.
$428bn of Tarp funds to be exhausted by end of year
This year the US government will distribute $180 billion under the Troubled Asset Relief Program (Tarp) on top of the $248 billion it gave to financial institutions in 2008, the US Congressional Budget Office (CBO) predicted yesterday.
SEC in the dock as Congress investigates Madoff fraud
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Dinallo backtracks on regulating CDSs
New York State insurance superintendent Eric Dinallo shelved plans to bring a large slice of the credit default swap (CDS) market under the purview of the New York State Insurance Department (NYSID) during a US congressional committee hearing on November…
Congress: US needs regulatory overhaul
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US agrees $700 billion bail-out
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US bailout halted in Congress
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Failure of $700bn bailout sparks equity slump
US equity markets have experienced their biggest one-day drop in history following the failure of the US Congress to pass legislation that would have empowered the Treasury department to buy up to $700 billion in mortgages and other assets from…
US regulators face Congressional pressure for risk reform
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US regulators reveal plan to split monolines
Monoline insurers could be split into two separate entities under plans being considered to stave off further credit rating downgrades of the troubled municipal bond guarantors.
US-China commission warns of fraud risk
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Summer of discontent
Peter Madigan takes a look at how regulators in the US, UK and Europe have reacted to the events of the past summer, and the many rules and regulations practitioners can expect to face this autumn
Rating agencies defend subprime role before Congress
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US Congress seeks to extend terrorism risk insurance
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