President Barack “Hussein” Obama II has had second thoughts about the Dodd-Frank Act and is now willing to entirely repeal the so-called reform legislation much to the glee of Republicans everywhere. “To hell with it,” Obama said in a candid moment during an exclusive interview with FTF News. “I didn’t know it was going to… Read More >>
Barney Frank: Dodd-Frank’s Future Depends on 2016 Election
The future of the Dodd-Frank Act depends on the outcome of 2016 presidential election, says former U.S. Congressman Barney Frank, co-author of the massive financial services reform legislation. Frank says the law will be repealed if the Republicans win the White House, Senate and House of Representatives next year. During an appearance on a radio… Read More >>
Protecting Trade Secrets from Cyber Threats
The Obama administration is tackling cyber-based economic espionage from foreign sources such as the Chinese government. The White House focus has been on major, mainstream businesses with some attention paid to financial services firms. While denial of service attacks have been plaguing firms and exchanges, protecting trade secrets from cyber threats is still high on… Read More >>
Mary Jo White at the SEC
Former U.S. attorney Mary Jo White is likely to be nominated today as the new chairperson of the SEC, according to multiple news reports. This follows rampant speculation in Washington, D.C. over the past week about White taking the helm at the regulator. I am cautiously optimistic about this prospect and am hoping that her… Read More >>
SEC’s Schapiro to Exit as RTS Realtime’s CEO Moves from Chicago to Singapore
SEC Commissioner Walter to Replace Chairman Mary Schapiro After overseeing a major chapter in the regulatory agency’s history, SEC Chairman Mary L. Schapiro will step down from her post on Dec. 14 and will be replaced by Elisse B. Walter, an SEC commissioner. President Obama approved Walter’s promotion, sidestepping Congressional approval. As it moves into… Read More >>
And, now, the Lame-Duck Session
As the euphoria from Tuesday fades, the President, Congress, regulators and lobbyists face a staggering agenda for the 2012 lame-duck session, which starts next week and runs to the end of the year. Many of the agenda items to be considered during what is usually a lackluster session will have a major impact upon financial… Read More >>
Analysis: The Presidential Race and Dodd-Frank
The winner of the U.S. Presidential race between incumbent Democrat Barack Obama and Republican challenger Mitt Romney will oversee either the next chapter for Dodd-Frank or its demise. For financial services firm, the choice voters make today will help them move out of an IT project limbo and toward more regulatory compliance or initiatives for… Read More >>
Q&A: CFTC
CFTC commissioner Bart Chilton says that no matter who wins the U.S. presidency on Tuesday, Nov. 6, the momentum for over-the-counter (OTC) execution, clearing and transparency reforms for the derivatives market is practically unstoppable. He adds that there would be little political support to return to the unregulated OTC world that triggered the Great Recession.GOP… Read More >>
Romney and Dodd-Frank
Conventional wisdom says Dodd-Frank will survive no matter who is elected president in November. But conventional wisdom also said that President Barack Obama would handily win last night’s first presidential debate. Yet an energized Mitt Romney, the GOP challenger, won. As the debate touched on Dodd-Frank, it’s time to ask again what Romney would do… Read More >>
