The Dance of Legislation: Washington Commits Financial Reform
December 8, 2009 | 11:00AM – 12:00PM EST
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Since the start of the year three financial reform bills have already passed through U.S. Congress and been signed into law by President Obama. And, at least eight (8) proposed bills are now working their way through Congress, in various stages of the “Dance of Legislation”, a term made famous by Eric Redman’s seminal work on Congress and the legislative process.
These bills represent a radical change in financial regulation. Compliance professional have to ask: How will the financial reform changes affect my financial institution?
Get some answers. Register now for this complimentary web seminar presented by MoneyLaundering.com and ComplianceAdvantage.com, in association with ACAMS® (Association of Certified Anti-Money Laundering Specialists®). In this 60-minute web seminar, we’ll focus on legislation that would, if passed:
- Give the Federal Reserve new powers to monitor and act against perceived threats to the financial system
- Take some power from the Federal Reserve and place it in a new consumer protection agency with even greater oversight of consumer financial issues.
- Create a single day-to-day banking regulator by eliminating the Office of Thrift Supervision and merging it’s remnants into the Office of the Comptroller of the Currency.
- Give banks the responsibility of withholding funds destined for off-shore tax havens or other nations that don’t have information sharing agreements with the U.S.
Speaker:
Kieran Beer Editor-in-Chief, MoneyLaundering.com, ComplianceAdvantage.com
Kieran Beer has been the editor-in-chief and editorial director for MoneyLaundering.com and ComplianceAdvantage.com since January 2007. Prior to that he was executive editor of Bloomberg Wealth Manager, a trade magazine for financial advisers to wealthy individuals and he also served as a staff writer for Bloomberg Markets Magazine.
Beer has been a financial journalist for 20 years, beginning his career at Institutional Investor, where he worked as a reporter and editor in the newsletter division and was a contributor to Institutional Investor magazine. After launching Capital Markets Analyst at Thomson Financial, Beer served as editor-in-chief of The Bond Buyer, founding editor of Thomson Municipal News/The Bond Buyer Wire and as the editor of the American Banker.
Beer writes a column and periodically reports on money laundering and bank compliance. He has served as a panelist and moderator at industry conferences and appeared on CNBC, WCBS and spoken on Bloomberg radio (WBBR) addressing banking and other financial issues.