US warning against complacency in effort to overhaul global financial system

PITTSBURGH — The Obama administration on Wednesday cautioned against complacency on the eve of a global economic summit, arguing that signs of an economic revival are not grounds for abandoning a significant overhaul of the world’s financial system.

House chairman says Congress will boost federal regulators’ power to monitor derivatives

WASHINGTON — The chairman of the House Financial Services Committee says that Congress will “substantially” increase the power of federal regulators to monitor derivatives, a type of financial instrument that contributed to the economic turmoil.

Calendar of major business events scheduled for Thursday

Major business events scheduled for Thursday

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House financial services committee

  • petrbuben The House Financial Services Committee will take up audit-the-Fed measures tomorrow, with a clash in the works - as an aggressive bill backed by Ron Paul and Alan Grayson is countered by Mel Watt's narrowly pitched amendment, which in part would bar examining interest-rate decisions, and looks to Yves Smith like a torpedo.
  • petrbuben The House Financial Services Committee will take up audit-the-Fed measures tomorrow, with a clash in... http://seekingalpha.com/n/scv
  • hedgefunds1 House Financial Services Committee Approves Investor Protection Bill - Mondaq News Alerts (registration)
  • nileshbabu Audit The Fed Effort Under Threat In House (Melvin L. Watt/The Huffington Post)
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  • petrbuben The Financial Services Forum, a lobbying group for 18 of the world's largest financial firms, urges House Financial Services Committee Chairman Barney Frank not to pursue big bank break-ups. In a letter, the group stressed that size alone does not make firms risky: "The problem is not that some institutions are too large.
  • maxkennerly Private Fund Investment Advisers Registration Act Approved by House Committee
  • newsgirlmw House amendment would rearrange powers of Fed: The House Financial Services Committee continued to wrestle with the ... http://bit.ly/1MhxMx
  • g38 Investors Beware: Things turned Orwellian in the House Financial Services Committee this week when members wi.. http://bit.ly/1mOPmk
  • newsgirlmw Frank to revamp overhaul bill: House Financial Services Committee Chairman Barney Frank, D-Mass., on Thursday announ... http://bit.ly/1jkYQX
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