Tuesday, May 27, 2008

Future of Financial Regulation?

Geithner Plan to Save the Financial System - NY Fed proposals to help shore up our “fragile” financial network: Greater capital and liquidity requirements; more supervision of derivatives; NYT/FT


Bear wipeout signals sea change-step in makeover. May 29 Fortune article "Bear wipeout signals sea change"

Fed and SEC Oversight Relationship debate ongoing. Paulson Blueprint would make Treasury the uber-financial regulator. SEC Chairman Cox advocated increased supervisory role over the major investment banks that it currently oversees through the Consolidated Supervised Entities (CSE) system. Washington Post explored how Fed and SEC are working out joint involvement in aftermath of Bear rescue. Fed staff members from both the bank supervision and markets groups accompanying SEC on visits to big I-Banks. Meanwhile SEC preparing a Memorandum of Understanding to formalize information-sharing and cooperative efforts. Fed Keeps Watch on Wall St. -- From the Inside.
SEC Chief to Press on Global Rules-WSJ

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