« SEC Charges Convicted Felon with Running a Ponzi Scheme | Main | First Look at the Administration's Financial Regulatory Reform »
June 17, 2009
Administration Releases Plan to Reform Financial Regulation Today
President Obama willl announce the administration's plan to reform financial regulation. Here are some previews from major newspapers:
WSJ, Draft Details New Rules for Markets
NYTimes, Obama Sought to Enlist a Wide Consensus on Finance Rules
WPost, Obama Blueprint Deepens Federal Role in Markets
The websites of the newspapers also have posted an 85-page draft of the plan.
As described in the press reports, the plan will give the Federal Reserve additional powers over large financial institutions and will create a council of regulators to fill in regulatory gaps. There will be a new consumer protection agency for financial instruments, which, in a significant victory for the SEC, will not include mutual funds. The SEC and CFTC will not be merged.
June 17, 2009 in News Stories | Permalink
TrackBack
TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d8341bfae553ef0115711e0e51970b
Listed below are links to weblogs that reference Administration Releases Plan to Reform Financial Regulation Today:
