Clinton proposes breaking up too-big banks, monitoring shadow-banking system
Reuters
Published Oct 08, 2015 02:14PM ET
Clinton proposes breaking up too-big banks, monitoring shadow-banking system
WASHINGTON (Reuters) - Democratic U.S. presidential candidate Hillary Clinton proposed on Thursday breaking up too-big-to-fail banks and more oversight of the shadow-banking system as she continued to roll out a sweeping plan to rein in what she calls Wall Street "abuses."
In a nod to Democratic Party liberals who have been urging Clinton to take an aggressive posture toward Wall Street, her campaign said she would push to enhance provisions in the 2010 Dodd-Frank Act to give regulators the "explicit statutory authorization" to break up too big, too risky banks.
Clinton would also pursue additional oversight of the "shadow-banking" sector by imposing additional margin and collateral requirements on risky short-term borrowing; reviewing recent regulatory changes to the money market fund industry for possible holes; creating new reporting requirements for hedge funds and private equity firms; and strengthening the authority of the Financial Stability Oversight Council.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.