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President Obama urges financial regulators to speed up reforms

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US senators pressed regulators on Tuesday to speed up implementation of financial service industry reforms aimed at reducing risks from transactions like derivatives swaps that contributed to the 2007 financial crisis. Mary Jo White, head of the Securities and Exchange Commission, which is charged.

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WASHINGTON (MarketWatch) — President Barack Obama on Monday pressed the chief. to troubled homeowners and end their opposition to bank regulatory reform legislation moving on Capitol Hill. "I.

Former Federal Reserve chairman Paul Volcker urged a Senate panel Tuesday to adopt new rules that would limit the investment activities of large banks as part of an overhaul of financial regulations ..

Federal regulators need to speed up reforms of the financial industry. That was the message yesterday from President Obama who met with regulators at the White House. It has been almost three.

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 · Financial reform legislation was proposed by President Barack Obama in June 2009, refined by Congressman Barney Frank and Senator Chris Dodd in December, and then passed by the Congress in its ultimate form and signed by the president in July 2010 as the Dodd-Frank Wall Street Reform and Consumer Protection Act.

lation have urged President Obama to scrap the bulk of the regulatory review system, reducing or eliminating OIRA’s authority to reject proposed rules.4 The Administration has not formally made a decision on these potential changes, but it seems unlikely that the Administration would go this far. In fact, the head of OIRA , former law professor Cass

According to Reuters, President Barack Obama plans to discuss the progress in implementing the 2010 Wall Street reform law with leading U.S. financial market regulators. As of July 15, the law.

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