Fed official alleges Geithner may have alerted banks to rate cut

WASHINGTON (Reuters) - In the summer of 2007, as storm clouds gathered over the world's financial system, then-New York Federal Reserve President Timothy Geithner allegedly informed the Bank of America and other banks about the possibility the U.S. central bank would lower one of its critical interest rates, according to a senior Fed official.

Pressure on Europe grows at Mexico G-20 meeting

MEXICO CITY (AP) — Pressure mounted on Europe Saturday to build an even bigger financial stabilization fund to head off sovereign debt concerns, with the United States, Brazil, and the Organization for Economic Cooperation and Development all urging an increase.

Canada ramps up fight against Volcker rule

OTTAWA (Reuters) - Canada stepped up pressure on Washington on Monday to rewrite its controversial Volcker rule to remove restrictions on Canadian bank activities that it says do not threaten the U.S. financial system.

Canada asks for exemption to Volcker rule

OTTAWA (Reuters) - New banking regulations proposed by Washington to avoid bailouts in the future also reach into Canada in a way that could hurt the government bond market and hinder progress on global financial reform, top Canadian officials said on Monday.

Non-bank Firms May Face New Push To Disclose Risk Data

The new U.S. Financial Stability Oversight Council might seek an unprecedented volume of data from hedge funds, broker-dealers and mortgage companies about their risk exposure, Bloomberg News reported Wednesday, citing a confidential study by the panel.

In the document, dated Feb. 3, the council identifies dozens of "potential metrics" to be used in determining which non-bank financial firms should be deemed "systemically important" and subject to oversight by the Federal Reserve.