Plan calls for the creation of a Financial Services Oversight Council
“Prepare for a round of overregulation,” industry warned
Reform gets hung up in provincial differences
> Financial Stability ForumTransparency: Encourage firms to boost risk disclosures. Regulatory cooperation: The FSF and IMF will intensify their cooperation on financial stability.> Basel Committee On Banking SupervisionCapital: Raise capital requirements for complex structured products, trading book exposures and banks’ ABCP liquidity facilities.Liquidity: Develop guidance on the management and supervision of liquidity.Transparency: Issue guidance to […]
Gaps and weaknesses in regulation and supervision have contributed to the crisis in credit markets
Deadline for submissions is July 15
Recommendations could ease credit crisis
State regulators oppose Paulson blueprint
Super-regulator not required, says CFTC head
Long-term goal is to create entirely new regulatory structure using a principles-based approach