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Deputy Secretary Of The U.S.A. Treasury Neal s. Wolin Written Testimony Before The Senate Committee On Banking, Housing, And Urban Affairs - “Enhanced Oversight After The Financial Crisis: The Wall Street Reform Act At One Year.”

Date 21/07/2011

Chairman Johnson, Ranking Member Shelby, and members of the Committee, I appreciate the opportunity to appear today and discuss the important work that has been done to rebuild and strengthen our financial system over the past year.  As this hearing commemorates, one year ago today the President signed into law a comprehensive set of reforms to the financial system, reforms which are essential to making our economy stronger and more resilient.

Testimony On “Enhanced Oversight After The Financial Crisis: The Wall Street Reform Act At One Year” By Chairman Mary L. Schapiro - U.S. Securities And Exchange Commission - Before The United States Senate Committee On Banking, Housing And Urban Affairs

Date 21/07/2011

Chairman Johnson, Ranking Member Shelby, and members of the Committee:

Thank you for inviting me to testify on the occasion of the one-year anniversary of the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank Act” or “Act”).

Statement By IMF Managing Director Christine Lagarde On The Eurozone Leaders' Summit

Date 21/07/2011

Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), issued the following statement today in Brussels:

“The IMF welcomes the important steps taken today by the leaders of the eurozone and the EU institutions. These measures provide significant support to growth and financial stability in Greece and in the eurozone."

Deutsche Börse: Unscheduled Free Float Adjustment In SDAX - Adjustment For Elexis AG As Of 26 July 2011

Date 21/07/2011

Deutsche Börse has announced an unscheduled adjustment to the free float of Elexis AG in SDAX. Due to the takeover by SMS GmbH, the free float of Elexis AG has changed by more than 10 percentage points. According to the index guidelines, the company’s free float will thus be reduced from the current 84.9 percent to 15.54 percent.

Risk Management Supervision Of Designated Clearing Entities

Date 21/07/2011

DCEs provide multilateral clearing and settlementservices and risk management services to their par-ticipants covering a wide range of securities and derivatives transactions. DCEs play a vital role in the proper functioning  of financial markets and are increasingly important given the mandated central clearing of certain swaps and security-based swaps that is required by the Act. DCEs reduce risk and improve efficiency for their participants and the broader  financial system. At the same time, DCEs inherently concentrate and transform risks and, thus, must be well-designed and operated  in a manner that supports  the stability of the broader  financial system.

Testimony Before The U.S. House Committee On Agriculture, Washington, DC, CFTC Chairman Gary Gensler

Date 21/07/2011

Good afternoon Chairman Lucas, Ranking Member Peterson and members of the Committee. I thank you for inviting me to today’s hearing on the implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act). I am pleased to testify on behalf of the Commodity Futures Trading Commission (CFTC). I also thank my fellow Commissioners and CFTC staff for their hard work and commitment on implementing the legislation.

Statement By New York Attorney General Schneiderman On The Launch Of The Consumer Financial Protection Bureau

Date 21/07/2011

Attorney General Eric T. Schneiderman released the following statement today on the launch of the federal Consumer Financial Protection Bureau.

“Our office welcomes the opening of the federal Consumer Financial Protection Bureau, and we look forward to working closely with the agency to advance the financial best interests of New York’s consumers. Nearly three years after the financial crisis dragged the economy into recession, there is much work to be done to restore confidence in the markets for everyday people, businesses and investors. As a watchdog holding financial institutions accountable for wrongdoing, the CFPB will play a critically important role in developing a regulatory framework that ensures consumers are protected, and our economy is not vulnerable to another financial meltdown. It is now up to the Senate to expeditiously confirm Richard Cordray as CFPB's Director, so that the bureau can fulfill its full mandate under the law.”

Testimony Before The U.S. Senate Committee On Banking, Housing And Urban Affairs, Washington, DC, CFTC Chairman Gary Gensler

Date 21/07/2011

Good morning Chairman Johnson, Ranking Member Shelby and members of the Committee. I thank you for inviting me to today’s hearing on the one-year anniversary of the Dodd-Frank Wall Street Reform and Consumer Protection Act. I am pleased to testify on behalf of the Commodity Futures Trading Commission (CFTC). I also thank my fellow Commissioners and CFTC staff for their hard work and commitment on implementing the legislation.

Speech By SEC Chairman Mary L. Schapiro: Remarks Before The Financial Stability Oversight Council Meeting

Date 21/07/2011

After one year, it’s already clear that the Dodd-Frank Act is reshaping the regulatory landscape, filling gaps, reducing systemic risk, and helping to restore confidence in the financial system. And it is beginning to strengthen the financial system so it is less prone to a financial crisis.

CFTC And SEC Staffs To Host Public Roundtable To Discuss International Issues Relating To The Implementation Of Title VII Of The Dodd-Frank Act

Date 21/07/2011

The staffs of the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) will hold a joint public roundtable on August 1, 2011, from 9:00 am to 4:00 pm, to discuss international issues related to the implementation of Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act.  Panelists will be announced at a later date.