Wednesday, May 20, 2009

Regulatory Turf Wars

The SEC may be going down (good riddance), but apparently not without a fight:

The Obama administration may call for stripping the Securities and Exchange Commission of some of its powers under a regulatory reorganization that could be unveiled as soon as next week, people familiar with the matter said. The proposal, still being drafted, is likely to give the Federal Reserve more authority to supervise financial firms deemed too big to fail. The Fed may inherit some SEC functions, with others going to other agencies, the people said. On the table: giving oversight of mutual funds to a bank regulator or a new agency to police consumer-finance products, two people said. ... SEC Chairman Mary Schapiro’s agency has been mostly absent from negotiations within the administration on the regulatory overhaul, and she has expressed frustration about not being consulted, according to people who have spoken with her. She has pledged to fight any attempt to diminish the SEC, they said.
Stay classy, Mary.

5 comments:

Anonymous said...

Interesting Bill Poole comments at FT.com: http://www.ft.com/cms/s/0/7e18b390-4587-11de-b6c8-00144feabdc0.html

"We cannot depend on regulatory agencies to prevent a recurrence of financial crisis. Ahead of the crisis, regulators, myself included, did not understand the risk of subprime mortgage paper in bank portfolios. Nor did the senior management and directors of the most sophisticated financial firms in the world. This is not the first time regulators and firms have failed to assess risk adequately."

Anonymous said...

This particularDiablo 3 Itemsproduced absolutely no sense to help the girl. She had expended most of the actual Nineteen-eighties guarding clients distracted by a large conspiracy theory by a pair of affluent brothers, Nelson in addition to William Quest, who tricked traders even Runescape Goldthough wanting to corner the earth silver industry.

Trần Duy Thuận said...

Trần Duy Thuận Blog đang cần nhận gia công tại nhà. Ai có cần người nhận gia công tại nhà tphcm liên hệ mình nhé. Truy cập vào đặt vé máy bay giá rẻ vietjet để có thêm kinh nghiệm khi đi máy bay nhé.

Fire Ball said...

Liệu có nên mua máy giặt cũ, hay tìm mua tủ lạnh cũ ở đâu? Nếu chưa tìm thấy nơi bán thì hãy ghé qua trung tâm điện máy cũ tại thằng ghờm shop. Với những snả phẩm điện máy, điện lạnh cũ, và máy lạnh cũ nội địa chắc chắn sẽ làm bạn hài lòng.


Nếu bạn người thích cập nhật kiến thức mới lạ, hữu ích thì hãy ghé qua chuyên mục tổng hợp kiến thức nơi tìm lời giải đáp cho những thắc mắc như: www là viết tắt của từ gì, deep là gì,...

Blogger said...

I've just downloaded iStripper, and now I enjoy having the best virtual strippers on my taskbar.