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Lobbyists
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Latest Headlines
Occupy Wall Street fights to survive
The police action in Oakland against the Occupy Wall Street movement seems to have prompted the mayor and police in New York to move forward with an effort to clean up Zuccotti park--before opening it up again to the protestors.
Police authorities have made clear that the protestors will be fr
Can Dodd-Frank create jobs?
We used to joke about the Sarbanes-Oxley Act as something akin to a full employment act for accountants. It created lots of jobs without a doubt. Now comes Dodd-Frank, and some are calling it a
HFTs weigh in on NYSE Euronext deal
While the proposed NYSE Euronext-Deutsche Bourse combination faces an uncertain regulatory road in Europe, a positive sign may be the qualified "thumbs up" offered by organizations representing high-frequency traders in Europe.
Brussels-based regulators are taking a systematic approach to unde
Companies aim for FCPA bribery clarification
Perhaps it was inevitable that the stepped-up enforcement of the Foreign Corrupt Practices Act (FCPA) would spawn a backlash. Lots of companies have been targeted for prosecution, and lobbyists for
Basel committee issues new capital rules
As expected, the Basel Committee on Banking Supervision unveiled a proposal that would substantially hike capital requirements on large banks deemed "too big to fail". The new rule calls for an additional layer of capital held in reserve of between 1 and 2.5 percent. That's in addition to the prop
Dodd-Frank rules on OTC derivatives to be delayed
Recall that Dodd-Frank set forth a July 16 deadline by which new rules--designed to move toward the central clearing of OTC derivatives trades--must be in effect. But it has been clear for some time now that the SEC was having trouble sticking to that timeline.
As expected, reality won out las
Anti-Durbin Amendment war heats up
The debit fee swipe card war is not over yet. The anti-regulatory political climate has given banks new life in their war on the Durbin Amendment. And that has the industry's lobbyists pressing hard in Washington to either scuttle, defund or somehow crimp the amendment, which threatens the
Citigroup lobbyists leave for other jobs
If you're a lobbyist, you live for the kind of opportunities presented by the financial meltdown and the subsequent rush to reform. The value and skill of lobbyists were on display for the entire industry, Congress and the rule-making bureaucracy. By some measures, the banking industry's lobbyists
Limited use of proxy access rule?
The new SEC rule on proxy access received a lot of media coverage, as it should have. The rule can be made to seem revolutionary until you start thinking about the actual impact. The fact is that the
Banks take at aim at Dodd-Frank through government agencies
We all knew that the passage of Dodd-Frank, though regarded as historic by the media, left a lot of big issues undecided. The SEC in particular was left a wide array of administrative and rulemaking tasks. Dodd-Frank weighs in at more than 2,300 pages (compared with 66 pages for Sarbox), includes
