RESOURCES

New Legislation:
Obama Financial Regulatory Reform - a New Foundation.

The Financial Reform Plan focuses on five areas:

1. Promotion of robust supervision and regulation of financial firms;

2. Establishment of comprehensive regulation of financial markets, including asset-backed securities, over-the-counter ("OTC") derivatives and clearing systems;

3. Protection of consumers and investors from financial abuse through creation of a new consumer protection agency and stronger regulation;

4. Creation of new government resolution authority over key non-bank financial institutions; and

5. Raising international regulatory standards and improving international cooperation.


Download PDF