Financial Regulation Focus

Addressing the need for comprehensive regulatory reform is the topic of a hearing tomorrow before the U.S. House Financial Services Committee. Treasury Secretary Timothy Geithner will testify for the second time this week and is expected to provide details on the administration’s plans for financial regulatory reform. At yesterday’s Congressional hearing to examine oversight of the Federal government’s intervention at American International Group (AIG) Geithner said: “The financial crisis has revealed systemic gaps in the regulatory structure governing our financial markets. The lack of an appropriate regulatory regime and resolution authority for large non-bank financial institutions contributed to this crisis and will continue to constrain our capacity to address future crises.† For more on this story check out an online article at National Underwriter. The I.I.I. Financial Services Fact Book offers latest facts and stats on the financial services sector.  

Leave a Reply

Your email address will not be published. Required fields are marked *