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3 Resources for

foreign bank and u.s. congress

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Whipping boys: foreign banks in America. (Congress passes strict regulatory law for foreign banks)
The Foreign Bank Supervision Enhancement Act is being criticized as too strict , and some fear that it may discourage foreign banks from doing business in the US. The law places foreign banks under the authority of the Federal Reserve Board and the OfficeThe Foreign Bank Supervision Enhancement Act is...
Tags: foreign bank, U.S. Congress
Research articles 1992-05-23
Alan Greenspan, Chairman, Board of Governors of the Federal Reserve System - Statements to the Congress
I am pleased to have the opportunity to appear before this committee today in support of the Foreign Bank Supervision Enhancement Act, which is designed to strengthen the supervision and regulation of foreign banks operating in the United States. As you have requested, I will also comment on section 231...
Tags: Alan Greenspan, board, Federal Reserve Board, foreign bank, U.S. Congress
Research articles 1991-08-01
Concerned about Congress. (foreign banks)
The growth of foreign banks in America may be limited by legislation currently before Congress and the Senate. The laws are concerned with domestic subsidiaries and securities affiliates. The growth of foreign banks in America may be limited by legislation currently before Congress and the Senate. The laws are concerned...
Tags: foreign bank, U.S. Congress
Research articles 1991-09-07

Additional Resources

Rising Protectionism Threatens World Trade -- And U.S. Jobs
Ever since Congress imposed a Buy American package as part of the stimulus plan, politicians and economists have been warning about the dangers of protectionism in a contracting world economy. We're now seeing the first indications that those fears may be well founded, with potentially serious consequences for the health...
Tags: U.S., China, Tariff, World Bank, Free Trade, Corporate Law, Finance, Business Operations, Charles Wallace
Blog posts 2009-04-02
JUST HOW STRONG IS THE U.S. ECONOMY?
David Rosenberg is a 20 year veteran of the Street, David most recently was Merrill Lynch's chief North American Economist, where he correctly warned about the Housing and Credit Collapse and Recession in advance. He is the Chief Economist of Canada's Gluskin Sheff > > What made things so interesting...
Tags: economy, debt, tax, Federal Reserve Board
News items 2009-10-28
Fed's Kohn Sees No Asset Bubbles Building in U.S.
By Karen PierogCHICAGO (Reuters) - The Federal Reserve's low interest rate policy is meant to encourage investors to move into riskier assets in order to promote economic recovery, and there are no signs currently the policy is resulting in the build-up of a U.S. asset bubble, the central bank's number-two...
Tags: Asset, Bank, Federal Reserve Board, Asset Price, Financial, Interest Rate, Asset Management, Financial Services
News items 2009-11-16
U.S. Pay Czar Says He Can 'claw Back' Exec Comp
By Steve Eder MARTHA'S VINEYARD, MASSACHUSETTS, Aug 16 - Kenneth Feinberg, the Obama administration's pay czar, said on Sunday he has broad and "binding" authority over executive compensation, including the ability to "claw back" money already paid, and he is weighing how and whether to use that power. Feinberg told...
Tags: Thomson Reuters Corp., money, Chrysler LLC, authority, Citigroup Inc.
News items 2009-08-16
Report on U.S. actions toward South Africa
Report on U.S. Actions Toward South Africa MESSAGE TO THE CONGRESS, MAR. 17, 1986(1) On September 9, 1985, in Executive Order 12532 (50 Fed. Reg. 36861, Sept. 10, 1985) I declared a national emergency to deal with the threat posed by...
Tags: Federal Reserve Board, Government, prohibition, Regulations, U.S.
Research articles 1986-05-01
Financial Regulation and Supervision after the Crisis: The Role of the Federal Reserve
At the Federal Reserve Bank of Boston 54th Economic Conference, Chatham, MassachusettsOctober 23, 2009 The theme of the Federal Reserve Bank of Boston's Economic Conference this year–reevaluating regulatory, supervisory, and central banking policies in the wake of the crisis–is certainly timely. Not much more than a year ago, we and...
Tags: Financial, Federal Reserve Board
News items 2009-10-23
The Rise of Protectionism
The voices of ignorance ("Buy American") and prejudice ("Limit visas") have grown predictably louder during the current crisis. Fortunately, reason and the forces of globalization have managed to prevail. So far. Buy American Take the Buy American provisions. In the original House...
Tags: U.S., Immigrant, Tariff, MoneyWatch, H-1B, Free Trade, Human Resources, Labor Relations, Finance, Protectionism, Nativism, Smoot-Hawley Act, Global Trade, Buy American, NAFTA, Visas, Immigration, H-1B Visas, Cait Murphy
Articles 2009-04-15
Why Should Regulators Give Foreign Insurers a Break?
The National Association of Insurance Commissioners has been fired up of late, taking on the credit rating agencies in today's high-profile fight and, in a lower-profile but equally important decision, letting foreign reinsurers slip across the border and do business more easily in the states. The NAIC...
Tags: Regulator, Insurance Company, Insurance, Financial Planning, Business Operations, Corporate Insurance, Finance, Ed Leefeldt
Blog posts 2009-09-24
In Financial Reform, It's Paulson vs. Cox
You couldn't have two more different regulators and policy-makers. In one corner, you have Henry "Hank" Paulson, Secretary of the Treasury. The former head of Wall Street titan, Goldman Sachs, he is known as a tough, bald-headed earth-shaker. In others words, he's a shark. ...
Tags: Financial, Financial Accounting, SEC, Finance, Construction, Wall, Bear Stearns & Co. Inc., Federal Reserve Board, Peter Galuszka
Blog posts 2008-06-24
Fed has abandoned monetary policy, critic says
SAN FRANCISCO (Reuters) - The Federal Reserve has embarked on a campaign of unsupervised industrial policy to end the country's financial crisis, a move that could undermine its independence, a former top U.S. official said on Saturday. John Taylor, who was under secretary of treasury for international affairs from 2001...
News items 2009-08-07
Statement to the Congress - Allen Greenspan on the Daiwa Bank scandal, new Federal Reserve initiatives to regulate U.S. branches of foreign banks - Transcript
Statement by Alan Greenspan, Chairman, Board of Governors of the Federal Reserve System, before the Subcommittee on Financial Institutions and Consumer Credit of the Committee on Banking and Financial Services, US. House of Representatives, December 5, 1995
Tags: Federal Reserve Board, U.S. Congress
Research articles 1996-02-01
Statement by William J. McDonough, President, Federal Reserve Bank of New York before the Committee on Banking, Finance and Urban Affairs, U.S. House of Representatives, October 27, 1993 - Statements to the Congress - Transcript
I welcome the opportunity to appear before the committee today to provide my views on the provisions of H.R.28, the Federal Reserve System Accountability Act of 1993, which relate to the audit of Reserve Banks by the Government Accounting Office. H.R.28 would eliminate the exemptions in the Federal Banking Agency...
Tags: banking, Federal Reserve Bank of New York, U.S. Congress, U.S. House of Representatives
Research articles 1993-12-01
$6B for GMAC in new program to help auto finance companies
WASHINGTON -- The U.S. Treasury will inject up to $6 billion into GMAC as part of a plan to shore up the finances of General Motor Corp.'s former lending arm and the U.S. auto industry, the Bush administration said Monday. The move completes a federal rescue of GMAC, which was...
News items 2009-08-07
Automakers get $17.4 billion lifeline from gov't
WASHINGTON - Citing danger to the national economy, the Bush administration approved an emergency bailout of the U.S. auto industry Friday, offering $17.4 billion in rescue loans in exchange for concessions from the deeply troubled carmakers and their workers. The government will have the option of becoming a stockholder in...
News items 2009-08-07
Will There be an SEC Next Year?
An era has ended at the U.S. Securities & Exchange Commission. No longer will the regulatory agency rely upon "voluntary" self-policing at financial institutions. SEC Chair, Christopher Cox, now under intense fire for the SEC's role in the Wall Street meltdown, has ended the so-called Consolidated Supervised...
Tags: Federal Reserve Board, SEC, Christopher Cox, Regulations, Financial Services, Government, Peter Galuszka
Blog posts 2008-09-29
AIG CEO Liddy to Testify About Formation of Special Purpose Vehicles
American International Group CEO Edward Liddy's testimony on Wednesday before the U.S. House Committee on Oversight will focus on the insurer's attempt to set up SPVs Special Purpose Vehicles to offload some of its assets and pay back the federal government, BNET Financial has learned. Liddy will...
Tags: American International Group Inc., Insurance, Federal Government, Asset Management, Financial Planning, Personal Finance, Financial Services, Business Operations, Corporate Insurance, Government, Operational Planning, Finance, Ed Leefeldt
Blog posts 2009-05-11
Finance Disagreements Loom Over Copenhagen Summit
Copenhagen, Denmark - As international delegates arrive at the United Nations climate summit today, developing-country negotiators are waiting for the industrialized world to clarify how much money will be on the table.  European Union leaders stated in October that the world's wealthy countries should provide €100 billion ($150...
Tags: Climate Change, Climate Fund
News items 2009-12-07
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