May 14, 2012
WASHINGTON -- Senator Tim Johnson (D-SD), Chairman of the Senate Banking Committee, released the following statement on upcoming Wall Street reform implementation hearings.
"Over the next few weeks, the Senate Banking Committee will continue its oversight of the implementation of Wall Street reform by holding additional hearings with key financial regulators. These hearings will provide Banking Committee members the opportunity to hear from and question witnesses from the SEC and CFTC on derivatives oversight and the Federal Reserve, FDIC, CFPB, and OCC as well as the Treasury Department on enhanced bank supervision. Other issues related to financial stability expected to be discussed at these hearings include the recently reported $2 billion trading loss by JPMorgan Chase, proposals to reform money market funds, and the economic situation in Europe."