Treasury’s Cohen Sees No Widespread Criminal Bitcoin Use

The U.S. government sees no evidence of “widespread” use of virtual currencies such as Bitcoin to evade sanctions or finance terrorism, the Treasury Department’s top official targeting money laundering said.

Roubini, The Oracle Of 2008, Sees No Bubbles In The U.S. Financial Markets

The brilliant Nouriel Roubini, the swashbuckling NYU economist who predicted the disastrous credit and housing bubble in the U.S. during 2008, told me yesterday he sees “frothiness” not a bubble in some sectors of the U.S. bond market and in the housing markets of 17 foreign nations like Switzerland, Sweden, Norway, Hong Kong, Indonesia, China and Brazil that could become “outright bubbles” someday if they are not reigned in.

Fed to Test Banks for Interest Rate Rise, Housing Collapse

The Federal Reserve said it will examine how the biggest banks might react to a jump in long-term interest rates and another housing crash as it released the next round of stress-test scenarios designed to monitor the ability of the U.S. financial system to withstand economic shocks.

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.

Europe Resolution Critical to Obama Re-Election

President Barack Obama’s path to re- election may pass through Berlin and Paris.

Dodd-Frank's Threat to Financial Stability

With the comment period now closed on its proposed rule, the Financial Stability Oversight Council (FSOC) is getting ready to outline the terms for deciding which nonbank financial institutions might cause instability in the U.S. financial system if they fail. As its staff works away on decision criteria, they should be offered one word of advice: stop.

The council was set up by the Dodd-Frank Act and is made up of virtually all the federal government's financial regulators. It is authorized to use such criteria as size, interconnectedness and "mix of activities" to decide whether, in effect, a nonbank financial institution is too big to fail.