Wednesday, June 27, 2007
Paulson Wants Overhaul of Regulatory System
Treasury Secretary Henry Paulson wants to overhaul the regulatory system over capital markets and has set up a group to make recommendations by next year. Plans could include consolidation of bank regulators and adoption of best practices standards by hedge fund managers and investors to alleviate market risks. See WSJ, Paulson to Launch Review Of U.S. Regulatory System.