Financial Regulatory Reform Plan Poised

Word on the street is that the Obama administration is expected to unveil its plan to overhaul financial regulation on June 17. A June 3 Thomson Reuters article reports that Treasury Secretary Timothy Geithner will testify on June 18 before the House Financial Services Committee on the plan. The issue of how regulation of the insurance industry might fit into financial services reform was on the agenda of a meeting yesterday between Treasury officials and the heads of various industry trade associations. For more on this, check out  a June 4 Roll Call article. While some form of federal regulation of insurance looks increasingly likely, this is an issue  that elicits differing views among industry groups and participants. Check out I.I.I. information on regulatory modernization and optional federal charter.

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