May 4, 2007
More Deregulation on the Way
The Wall St. Journal reports that the Treasury Dept. will announce reforms in the next few weeks that will reduce the regulatory burdens on U.S. corporations. Treasury Secretary Paulson, SEC Chair Cox, and Federal Reserve Board Chair Bernanke met recently to discuss. The article is short on details, but mentions some of the usual suspects -- principles-based accounting, reducing regulatory overlap (but not merging the SEC and the CFTC). See WSJ, Tweaks to U.S. Financial Rules Are Near.
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