* US Senate wrestles with Feds banking oversight issues Mar 9, 2010
When he made that remark, he proposed consolidating bank supervision into a super-cop for the industry to be called the Financial Institutions Regulatory Administration (FIRA). The FIRA proposal has unraveled, however, as Dodd has discussed a range of compromises with Republicans and moved closer to embracing regulatory reforms watered down from a sweeping bill approved in December by the US House of Representatives. (Taipei Times, Taiwan -- World Business)
Senators Wrestle With Fed Bank Oversight Issues Mar 8, 2010
Dodd in November called the Fed's past performance as a banking supervisor and consumer protection watchdog an "abysmal failure." When he made that remark, he proposed consolidating bank supervision into a super-cop for the industry to be called the Financial Institutions Regulatory Administration, or FIRA.. But the FIRA proposal has unraveled as Dodd has discussed a range of compromises with Republicans and moved closer to embracing regulatory reforms watered down from a sweeping bill approved... (ABC News -- Wire)
Fed may remain overseer of large banks Mar 1, 2010
WASHINGTON: A proposal for a single US bank supervision agency drawn up by the US Senates chief architect of financial reform looks unlikely to survive negotiations over a landmark bill, said a source familiar with the discussions on Friday. Senate Banking Committee Chairman Christopher Dodds Financial Institutions Regulatory Administration (FIRA), which he proposed in November, likely will not be in a revised bill that is expected to be released this week, said the source, cautioning that... (The Star Online, Malaysia -- Business)
Fed May Not Lose Bank Supervision Role: Dodd Feb 27, 2010
8 Magnitude Earthquake Hits Chile. WASHINGTON (Reuters) - The Senate's chief architect of financial regulation reform said on Friday the Federal Reserve may "not necessarily" lose its authority to supervise banks, signaling a potential shift in his thinking. (ABC News -- Wire)
Federal Reserve comes in from Senate deep freeze Feb 26, 2010
Washington - The Federal Reserve, once in danger of being stripped of its bank supervision powers by the Senate, is getting a second look from key lawmakers amid a new flurry of bipartisan negotiations over a massive overhaul of the rules that govern Wall Street. Senate Banking Committee Chairman Christopher Dodd, D-Conn. (ABC 7 News, DC)
Press Release: IMF Mission to Hungary Reaches Staff-Level Agreement on Fifth Review Under Stand-By Arrangement Feb 17, 2010
In the financial sector, liquidity support was provided in a timely way, and bank supervision and the remedial action framework were substantially enhanced. By better anchoring market expectations, these measures have helped to create room for cautious reductions in the policy interest rate. (IMF News)
Indonesia's Sri Mulyani Faces Questioning by Lawmakers Over Bank Bailout Jan 13, 2010
Indonesia weathered the global recession better than its southeast Asian neighbors as it increased deposit insurance, boosted coordination and strengthened bank supervision, , the World Banks country director in Jakarta, said in July. Southeast Asias biggest economy probably grew 4. (Bloomberg -- Asia)
Bernanke Knew Financial Crisis Was Coming Jan 12, 2010
Bernanke gave a speech called Central Banking and Bank Supervision in the United States. As he talked, I noticed that he used the words panic, crisis, and stress over and over again. (Human Events Online)
Press Release: IMF Executive Board Completes Fourth Review Under Hungary's Stand-By Arrangement Jan 10, 2010
The authorities have made tangible progress in strengthening the institutional framework for bank supervision. The upgrading of the Hungarian Financial Supervisory Authority (HFSA) to an autonomous agency will help preserve financial stability. (IMF News)
Jordan—Aide-Mémoire for the Staff Visit Discussions Jan 10, 2010
However, underlying vulnerabilities banks could be exposed to higher non-performing loans in light of the projected period of below-potential growth in Jordan and the region remain, suggesting the need for continued vigilance in bank supervision. 8. (IMF News)
Transcript of a Conference Call on the Executive Board Conclusion of the Third Review Under Pakistan Stand-By Arrangement With Adnan Mazarei, Assistant Director, Midlle East and Central Asia Department, IMF Jan 10, 2010
The new legislation submitted to parliament to amend banking company ordinance will strengthen the effectiveness of bank supervision. In addition, we also welcome the amendments of the State Bank of Pakistan Act, submitted and signed by the president recently, to enhance the State Bank s operational autonomy. (IMF News)
Ludwig: Real Estate to Kill Hundreds of Banks Jan 10, 2010
Losses on commercial real-estate loans will continue to depress bank earnings, because the value of the real estate backing the loans keeps dropping, Jon Greenlee, associate director of the Federal Reserve s bank supervision division, said in congressional testimony. The difficulties are more acute for smaller banks, as regional institutions are almost four times more concentrated in commercial property loans than their larger brethren, according to Bloomberg data. (Newsmax)
