TITLE

Clash on Investment Bank Oversight May Spell Problems for Treasury's Blueprint

AUTHOR(S)
Curtis, Carol E.
PUB. DATE
August 2008
SOURCE
Securities Industry News;8/11/2008, Vol. 20 Issue 29, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses hurdles facing the implementation of reforms to the financial markets' regulatory framework, especially investment bank regulation as proposed by the U.S. Department of Treasury. According to the article, the Treasury Department's plan recommends extending the Federal Reserve's power to supervise investment banks to which the U.S. Securities and Exchange Commission, with the support of some members of the House, opposes, saying that supervision of these firms rest on the agency.
ACCESSION #
34001581

 

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