World News Insights
1-3 Minute Gist

All Topics Article

Fed Names a New Chief Regulator

Wall Street Journal Original article ›

Keywords:


Danel Tarullo's lone effort at the Federal Reserve- 2009-2010

10/01/2009

Daniel Tarullo steps in around September 2009, when Congress and the administration have already buckled under pressure from the lobbying by the banking industry to weaken essential regulatory reform in derivatives trading, and in other reforms. Volcker is 82, and rarely uses his Washington office (ignored?), Tarullo is looked at by staff at the Fed from the previous lax regime of regulation with skepticism. Mervyn King at the Bank of England is alone in calling for the breakup of big banks into smaller banks, and separating utility and investment banking, which Volcker supports. As it stands now bank regulation falls under the FSA in England, with the Conservatives under Osborne looking to give the Bank of England this authority. And all the time banking behaviours at investment banks and trading desks continue in a business as usual manner.

Grouped Articles

The Power Behind the Throne at the Federal Reserve

New York Times 07/31/2013

Fed Boosts Pressure on Banks Over Capital Levels

Wall Street Journal 08/20/2013

Banks Ordered to Add Capital to Limit Risks

New York Times 04/08/2014

Fed’s New Bank-Regulation Tune Should Be One Direction

Wall Street Journal 12/02/2014

Washington Strips New York Fed’s Power

Wall Street Journal 03/05/2015

U.K. Banks Face Political Upheaval

Wall Street Journal 10/27/2009

Michael Gibson, new chief of the U.S. Federal Reserve's regulatory division

01/21/2010

Under Dodd-Frank legislation the Fed was given the additional task of oversight of U.S. financial institutions. Gibson would play an important role in setting up stress tests for U.S. banks, regulatory supervision of banks, and representing th U.S. on the Basel committee.

Grouped Articles

The Power Behind the Throne at the Federal Reserve

New York Times 07/31/2013

Obama Presses Regulators to Finish Financial Rules

Wall Street Journal 08/20/2013

Fed Boosts Pressure on Banks Over Capital Levels

Wall Street Journal 08/20/2013

Obama Presses for Action on Bank Rules

New York Times 08/19/2013

Fed Publishes 'Stress Test' Procedures

Wall Street Journal 11/10/2013

Wall Street Adapts to New Regulatory Regime

Wall Street Journal 07/22/2014

A new U.S. regulatory framework is outlined in an 85 page white paper put out by the White House.

06/17/2009

THe Fed gets increased powers to oversee large financial firms. A new consumer agency to protect consumers of credit cards, mortgages and other products would be created with powers to stem abuses. And new rules and oversight over mortgage securites and derivatives trading.

Grouped Articles

Cordray Picked to Head Consumer Financial Protection Bureau

New York Times 07/17/2011

Bank Challenger Picked to Run Consumer Agency

Wall Street Journal 07/18/2011

Obama Blueprint Deepens Federal Role in Markets

Washington Post 06/17/2009

Obama Sought to Enlist a Wide Consensus on Finance Rules

New York Times 06/17/2009

Draft Details New Rules for Markets

Wall Street Journal 06/17/2009

Consumer Agency to Seek an Expansive Role

Wall Street Journal 06/17/2009


Support LyrArc

We took a different way to help millions around the world build educated informed mindsets that affects and shapes their lives. For a future that is open, global and digital, with everyone having access to high quality information. We believe in the renewal of America, renewal of Europe, the renewal of India, the rest of Asia, Latin America and Africa. The renewal of our supply chains, health, education, infrastructure, as we rebuild our countries after the pandemic. Literacy and knowledge we believe cannot thrive and grow in a world of web bots, web crawlers, or AI. This requires human curiosity, human learning, and human imagination. We take as inspiration the saying- “One has to be free, and as broad as sky. One has to have a mind that is crystal clear, only then can truth shine in it.” Every contribution whether big or small is precious- in this crisis and ahead.

Support Lyrarc from as small as $1


Copyright © 2006 - 2026 Intelilinks LLC
Terms and Conditions | Copyright Policy | Privacy Policy | Contact Us