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Things worth reading: 18th June 2009

Things we're reading today include …

US releases plans for bank regulatory reform

"Financial Regulatory Reform: A New Foundation", the US Treasury Department official document detailing the Obama administration's
plans to tighten regulatory oversight of the US financial system (89 page pdf document)
President Obama sets out biggest overhaul of Wall Street in decades (Telegraph)
US groups face regulatory revamp (Financial Times)
Strengthened Federal Reserve is key to Obama overhaul of US financial regulation (Telegraph)
New consumer agency to expand regulatory reach 
(Financial Times)
Obama makes right moves on regulating Wall Street but misses chance of a full rebuild 
(Telegraph)

UK at odds with the EU over regulatory reform:

Brown to resist EU attempts to police City (Times)
UK 'powerless' to stop EU regulation (Telegraph)

Mervyn King (Governor of Bank of England) at odds with Alastair Darling (UK Chancellor):

Bank of England governor Mervyn King's speech to the lord mayor's banquet (Guardian)
King calls for banks to be 'cut down to size' 
(Guardian)
Mervyn King tells Chancellor that, from his counting house, the figures don't add up 
(Telegraph)
Mervyn King presses his case to limit size of banks (Times)

Companies:

Royal Bank of Scotland chief sees green shoots (Times)
JPMorgan Chase pays back $25 billion in TARP funds
(Star-Telegram)
JP Morgan sees global recovery (Reuters)

Regions:

Why Wealthy Nations Are Stiffing Africa (Time)
World Bank tells China to keep some stimulus in its locker 
(Telegraph)
Beijing's 'buy Chinese' decree risks protectionism row with US (Telegraph)

General:

Hyperinflation: The Story of 9 Failed Currencies (Mint Blog)

Quote of the Day:

"Ninety percent of politicians give the other ten percent a bad name."
Henry Kissinger

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About Chris M Skinner

Chris M Skinner
Chris Skinner is best known as an independent commentator on the financial markets through his blog, the Finanser.com, as author of the bestselling book Digital Bank, and Chair of the European networking forum the Financial Services Club. He has been voted one of the most influential people in banking by The Financial Brand (as well as one of the best blogs), a FinTech Titan (Next Bank), one of the Fintech Leaders you need to follow (City AM, Deluxe and Jax Finance), as well as one of the Top 40 most influential people in financial technology by the Wall Street Journal’s Financial News. To learn more click here...

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