Barack Obama
Europe to place CDS markets under spotlight: Barnier
European commissioner Michel Barnier says legislation in works requiring credit default swaps to be registered and made fully transparent; follows criticism of investors from European leaders
The Volcker Rule: wrong answer or the right question?
The Volcker Rule recognises that the structure of the banking system needs to change. For that it should be supported, says Michael Taylor
Volcker dismisses prop trading criticism
Former Federal Reserve chairman Paul Volcker sweeps aside concerns that banks might not be able to differentiate between trading on their own books and on clients' behalf
'Audit the Fed’ clause weakened on independence fears
Senator who proposed full Fed audit drops demands to review discount window and open market operations, White House and Fed pressure seen as key
Obama picks Yellen for Fed vice-chair
US President confirms speculation by nominating San Francisco Fed chief Janet Yellen as central bank’s deputy head, economist Peter Diamond and state regulator Sarah Raskin proposed for the board
Ex-Sarb Governor Mboweni joins Goldman Sachs
Former South African Reserve Bank governor Tito Mboweni becomes the latest former official to join the investment bank
Abandon your ‘furious’ lobbying: Obama to banks
Obama warns banks’ lobbyists off descending on the Hill; laments Republican attacks
Senators table Volcker rule legislation
Bill would ban prop trading for large banks and impose limits for big non-banks
Volcker lambasts higher inflation targets
Former Fed chairman Paul Volcker calls the suggestion that inflation targets should be raised to about 4% “nonsense”; points to the difficulties of the 1980s
We won’t ban prop trading: British Lord
British business secretary Peter Mandelson says Volcker rule is “too difficult” even as Washington works to turn it into law
British PM heralds global bank levy
British prime minister Gordon Brown flags growing consensus among leaders on a global bank tax following Obama proposals
Obama’s proposals – the only game in town
President Obama’s radical proposals recognise that the financial lobby can no longer hold society to hostage. They should be welcomed as a result, Robert Pringle, the chairman of Central Banking Publications, writes.
Obama's reforms find few friends
Markets and commentators reject the US president’s proposed reform of banks, which would see a ban imposed on proprietary trading
Yuan appreciation calls “unfair”: Chinese premier
Wen Jiabao, the Chinese head of state, accuses critics of the undervalued yuan of hypocrisy
US policy threatens emerging markets: China’s top regulator
Chairman of China’s regulator says weak dollar and low rates are dangerous to the global economy; echoes recent comments from top Japan, HK officials
Interview: William Isaac
The former chairman of the Federal Deposit Insurance Corporation tells Robert Pringle that procyclical accounting and capital rules lie at the heart of the crisis
Bernanke nominated for second term
President Obama wants Bernanke to serve second four-year term after staving off a financial meltdown
US budget deficit forecast trimmed
US officials expect the 2009 fiscal deficit to be smaller than originally forecast, after scrapping money earmarked for further bank bailouts
FDIC’s Bair pans single regulator model
Obama administration’s plans for single banking supervisor would fit uneasily with the structure of the US banks
US regulators stake their claim
Barack Obama’s plans give too much to the Federal Reserve say Federal Deposit Insurance Corporation (FDIC) and Securities and Exchange Commission (SEC) chiefs
Stability role will turn up political heat – Ortiz
Enhanced stability mandate likely to be accompanied by more political scrutiny, says Bank for International Settlements chairman and governor of the Bank of Mexico
Obama proposals call for Fed governance review
Sweeping proposals for reforms to financial regulation released by the White House on Wednesday have called for a comprehensive review of the governance and structure of the Federal Reserve.
Obama wants Fed to monitor systemic risk - report
The US administration will reveal that it wants the Federal Reserve to regulate America's largest and most interconnected financial firms later this week, reports say.
Obama administration unveils derivatives overhaul
The United States on Wednesday proposed a series of radical reforms to the derivatives industry.