US Senate
Carbon regulation block unlikely to get past President
A congressional move to prevent US Environmental Protection Agency (EPA) regulation of carbon emissions is unlikely to get past President Barack Obama, but the bipartisan protest indicates legislators want extra time to formulate their own climate change…
Republican aims to block EPA carbon regulation
Alaskan senator Lisa Murkowski plans to file a disapproval resolution to prevent the Environmental Protection Agency (EPA) from regulating greenhouse gas emissions (GHGs) under the Clean Air Act.
Cap-and-trade bill passed by Senate committee
The Senate Committee on Environment and Public Works (EPW) passed the Kerry-Boxer Clean Energy Jobs and American Power Act by 11 votes to one today, with all seven Republican committee members absent from the vote.
Report highlights US cap-and-trade winners and losers
The power sector is likely to top the list of both winners and losers if a proposed cap-and-trade system for greenhouse gas emissions in the US comes into existence, according to Point Carbon.
Senate starts deliberations on cap-and-trade bill
Senate committee hearings began yesterday on the Clean Energy Jobs and American Power Act, co-authored by senators John Kerry and Barbara Boxer.
Geithner calls time but regulatory wrangling continues
Treasury Secretary loses patience as US regulators continue to bicker over supervisory reform
US senators criticise rating agency reform proposals
Senators and industry experts have criticised US Treasury proposals to keep tabs on credit rating agencies in relation to competition, conflicts of interest and the quality of ratings.
Fear and moral hazard in Washington DC
Systemic risk and market discipline are topics of debate on Capitol Hill
Calls for delay to Section 404 deadline
US Senate asks for extension for Section 404
US Congressman blasts Basel II while supervisors forge ahead
A US Congressman sent waves of panic across Europe when he announced at a fringe event of the World Economic Forum in Davos, Switzerland in late January that he had serious reservations about whether the US would ever adopt Basel II.
US Senate rejects energy derivatives legislation
The US Senate yesterday voted down proposed legislation that sought to impose tighter controls over energy derivatives trading.
Basel II would mean banks less able to deal with NY attacks, US Senate told
WASHINGTON - The operational risk capital charge proposed by global banking regulators would create a "perverse incentive" against banks taking measures to cope with operational hazards such as the September 11 attacks in New York, the US Senate’s…