Fed Saves Some Regulatory Authority in Dodd Plan
The Federal Reserve would retain some but not all of its oversight powers in the changed financial landscape envisioned in a plan unveiled by Senate Banking Committee Chairman Christopher Dodd.

Sen Corker Says Sides Nearing on Consumer Watchdog
Members of the Senate Banking Committee drafting financial reform have “about reached a balance” on the controversial consumer watchdog proposal, Republican Senator Bob Corker said, indicating a bipartisan deal could be reached soon.

Financial Crisis Has Opened Up Opportunities For Innovation In Financial Services, Survey Finds
Areas of innovation include central clearing of OTC derivatives, risk management and increasing transparency and efficiency, according to an ISITC survey.

Senate Financial Reform Bill Boosts Federal Reserve Powers
The Federal Reserve would gain new powers over non-bank financial firms and keep much of its authority over banks under a new bill to be unveiled on Monday by the U.S Senate’s architect of financial reform.