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Trying to track JPMorgan? Treasury Dodd-Frank meeting logs not up to date
By Nancy Watzman May 16, 2012 1:51 p.m.Updated 4:22 p.m. The Treasury Department has now fixed the link to March meetings with outside groups concerning implementation of the Dodd-Frank financial reform law. A spokesman also just called to thank us for alerting the agency to the missed deadline.
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JPMorgan not alone
By Nancy Watzman May 15, 2012 10:12 a.m.With the news focused on JPMorgan Chase & Company's $2 billion "mistake" and company's lobbying campaign at financial agencies to permit the sort of trades that led to the loss, it's worth reviewing some other examples where industry have pushed hard to limit the reach of the Dodd-Frank financial law, arguing as JPMorgan did against a heavy hand because they could handle the risk.
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Super PAC profile: State bankers target lawmakers over Dodd Frank law
By Nancy Watzman Apr 5, 2012 12:08 p.m.A group of state-based banking associations have launched a new Super PAC--known as "Friends of Traditional Banking"--to target lawmakers who they consider hostile or friendly to their concerns: namely, the Dodd-Frank financial overhaul law.
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Big financial interests chip away at Dodd Frank regulations
By Nancy Watzman Mar 26, 2012 4:43 p.m.Today the House plans to take up two industry-backed bills dealing with derivatives, the hitherto opaque financial instruments so crucial to the 2008 meltdown, under a procedure usually reserved for noncontroversial matters.
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Banking money fuels senators who want to slow down Volcker
By Nancy Watzman Mar 22, 2012 6:33 p.m.The six senators who introduced legislation Thursday to slow down implementation of the "Volcker rule," designed to prohibit banks from profiting from trading on their own accounts, are the recipients of ample amounts of campaign cash from the financial industry.
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Big banks press financial agencies on Volcker rule
By Nancy Watzman Feb 14, 2012 12:42 p.m.Big banks paid calls on federal financial agencies in the days leading up to Monday's midnight deadline for the public to submit comments on the controversial Volcker rule, a provision of the Dodd-Frank financial regulatory legislation meant to prohibit banks from using customers' money to make risky bets on the market.
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Revolving door boosts private equity lobbying
By Nancy Watzman Jan 30, 2012 7:22 p.m.The Private Equity Growth Capital Council has a new president with Democratic credentials who has been through Washington's revolving door.
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Regulators lobbied by industry testify on Volcker rule
By Nancy Watzman Jan 18, 2012 3:42 p.m.Federal regulators have had at least 89 meetings with outside groups, most of them big banking interests, about the controversial "Volcker rule," the provision in the Dodd-Frank financial law that prohibits banks from making bets with their own money. The effort to curb the practice, widely held to be a contributor to the 2008 financial meltdown, was the subject of a hearing in Congress today.
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Futures industry nabs former government regulator as new leader
By Nancy Watzman Jan 10, 2012 5:06 p.m.In the latest example of a former financial regulator finding employment in the industry, the Futures Industry Association (FIA) has announced that its new president will be a former leader at the Commodity Futures Trading Commission (CFTC).
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Meetings missing from CFTC website
By Nancy Watzman Dec 7, 2011 1:32 p.m.A week before Commodity Futures Trading Commission (CFTC) commissioners unanimously approved new rules restricting how brokerage firms may invest customer funds, executives from Newedge, which had pushed against the rules along with the now bankrupt firm MF Global, attended several meetings with high ranking CFTC officials.
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Moody's has most employees leaving through revolving door
By Stevie Mathieu Nov 16, 2011 10:29 a.m.Moody's credit rating service -- one of the major credit rating agencies that was cited as a contributor to the 2008 financial meltdown -- has more employees go through the revolving door to work at companies they used to rate than any other credit rating agency, according to new Securities and Exchange Commission (SEC) filings required under the Dodd-Frank financial law.
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MF Global pushed regulators to use client funds
By Nancy Watzman Nov 2, 2011 1:52 p.m.Late last year MF Global—the failed investment firm headed by Democratic heavyweight Jon S. Corzine that can't account for as much as $900 million of its clients' money--urged a federal agency to allow futures firms to invest funds from their customer segregated accounts in foreign sovereign debt.
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Bank executives plead case to administration officials over Volcker rule
By Anupama Narayanswamy Oct 24, 2011 12:32 p.m.Top executives with major banks met regularly with federal agency officials who were writing a draft rule meant to curtail risky Wall Street trading — known popularly as the Volcker rule, named for the former chairman of the Federal Reserve, Paul Volcker — federal agency meeting records show.
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Comments on Dodd-Frank's position limits rule came from petroleum marketing, airline industries
By Stevie Mathieu Sep 14, 2011 10:40 a.m.A handful of groups--including some backed by petroleum marketing firms, airlines and unions--were responsible for the great majority of some 13,000 comment letters sent to the Commodity Futures Trading Commission about a single proposed regulation mandated by Dodd-Frank, according to an analysis by the Sunlight Foundation.
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