Reuters: FACTBOX-Keys to U.S. Senate compromise on financial reform

[ProSense]

FACTBOX-Keys to U.S. Senate compromise on financial reform

Below is a look at some of the probable contours of the Dodd-Corker legislation and their political prospects:

* CONSUMER PROTECTION

Tackling the biggest obstacle to a bipartisan bill, Dodd and Corker are likely to call for creating a financial consumer protection division within a new bank regulatory agency.

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* BANK SUPERVISION

Dodd and Corker are expected to propose a new super-cop for banks that will take over and consolidate banking supervision duties now located in the Federal Reserve, the Comptroller of the Currency, the Office of Thrift Supervision and other agencies.

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* VOLCKER RULE

Dodd and Corker will probably add to their measure a part of the House bill that empowered regulators to order large firms that are in distress to halt or divest risky businesses.

That would include proprietary trading desks, as well as hedge fund and private equity interests, like those targeted by the "Volcker rule" proposed by Obama in January.

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* EXECUTIVE PAY AND SHAREHOLDER RIGHTS

Two senators assigned by Dodd to work out a bipartisan compromise on these issues have failed to do so.

Democratic Senator Charles Schumer and Republican Senator Mike Crapo are in a deadlock. The details of their disagreement are unclear. It threatens proposals that would give shareholders more say on executive pay, more clout in electing directors, and more compensation committee independence.

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Guess WaPo was wrong.

[ProSense]

1. This deserves more exposure.

Final bill due next week.