Today, the International Monetary Fund (IMF) issued a report at the conclusion of its 2010 "Article IV consultation" with the United Kingdom.
Today, Treasury Secretary Geithner, who serves as chairperson to the Financial Stability Oversight Council, announced that the Council will hold its first meeting on October 1, 2010.
On Tuesday, in advance of the G-20 Summit to be held in Toronto this weekend, U.S. Treasury Secretary Timothy Geithner and Director of the National Economic Council Larry Summers published an op-ed in the Wall Street Journal outlining their agenda at the Toronto Summit and “highlighting the importance of the G-20 in building a united approach to global economic recovery."
Although today's meeting of the European Council was still dominated by measures to address the ongoing economic crisis, EU leaders announced that they have taken action in four key areas.
Yesterday the Institute for International Finance (IIF), a global association of financial institutions with 400 members, issued two reports that seek to offer proposals to international financial regulatory authorities on how to address systemic risk and "too big to fail."
Yesterday, the Financial Crisis Inquiry Commission (FCIC) held the second of a two-day hearing entitled "The Shadow Banking System."
In connection with the Spring 2010 IMF-World Bank meetings in Washington D.C. this weekend, the IMF's International Monetary and Financial Committee (IMFC) and the Development Committee (the joint ministerial committee of the Boards of Governors of the IMF and the World Bank) issued communiqués summarizing the conclusions of their respective meetings.
On Friday, Senate Banking Committee Chairman Christopher Dodd (D-CT) indicated in an informal statement that bipartisan efforts to agree on financial regulatory reform legislation had reached an impasse.
Today, the U.K. Financial Services Authority (FSA) announced that Mr. Hector Sants would resign from his position as CEO this upcoming summer after serving in this capacity for the last three years.
Yesterday, Treasury Secretary Geithner received a letter from House Republicans demanding the restructuring of Fannie Mae and Freddie Mac.