We have failed to muffle the banks
The Great Recession showed that financial regulation needed more than tweaking. Obscured by politics and special pleading, the lesson has still not been learnt, writes Clive Crook
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Obama and Wall Street
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The US Senate approves a sweeping overhaul of the US financial sector setting the stage for President Barack Obama to sign into law the most far-reaching reform of Wall Street since the 1930s
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Civil suits expand war on Wall St fraud
A top federal prosecutor in New York will declare another front in the war on Wall Street fraud, focusing new resources on civil litigation to complement existing criminal actions.
CFTC discusses derivatives rules with Wall St
A US regulator is calling on Wall Street firms’ expertise as it seeks to write rules to monitor the same firms’ derivatives dealings for the first time
Wall St backs Dinallo for NY attorney-general
Wall Street is backing the right-hand man of Elliot Spitzer, its previous scourge, in the race for one of the most powerful financial law enforcement jobs in the US, the New York attorney-general, according to new analysis of campaign contributions
‘Wall Street sheriffs’ set sights on taxpayers
The role of NY attorney-general has been transformed since Eliot Spitzer turned it from a routine state law-enforcement job into a nationally important crusade against financial wrongdoing
Probe chief to issue Wall St data
Wall Street groups face the disclosure of internal documents that could provide a treasure trove for would-be litigants and a headache for banks, regulators and their lawyers
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SEC: No longer a doormat
Amid a deluge of congressional demands for tougher rules, the SEC under Mary Schapiro also aims to become more able to anticipate crises
Financial markets: Derivative dilemmas
As regulators start to decide how much trading in derivatives needs to move on to exchanges, a tussle is in prospect for a profitable role in the new order
Wall Street play for which we pay
Shakespeare’s princely characters were paid for by the work of the peasantry, whose labours yielded revenues to support lifestyles entirely disconnected from their own. Little has changed, writes John Kay
Three years on, the markets are masters again
Policymakers will tell you they have acted to remedy the mistakes that led the financial system to the brink. Yet their measures look like tinkering when set against the capacity of capital markets to wreak economic havoc, writes Philip Stephens
Wall Street: Short measures
Enduring uncertainty over how to value complex securities – a problem at the heart of the global financial crisis – highlights the scale of Washington’s challenge in reforming the sector
Wall Street’s new double act comes up short
How much of the former Treasury secretary Hank Paulson’s financial reform agenda has found its way into the Dodd-Frank bill? The answer is surprisingly little, writes Howard Davies
The US arms its financial regulators
The full chambers of Congress must arm regulators with weapons to repair the dysfunctional US financial system by passing the reform bill without delay
Failures of the Dodd-Frank Act
For all its ambition and attempt to crack down on taxpayer funded bailouts, the Dodd-Frank Act will be anachronistic in parts right from the day of its legislation, says Viral Acharya
Financial regulation: A line is drawn
With the US Congress about to approve a set of post-crisis curbs, banks face a costlier future with less freedom than before
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