Financial Regulatory Reform - A New Foundation: Rebuilding Financial Supervision And Regulation

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Financial Regulatory Reform - A New Foundation: Rebuilding Financial Supervision And Regulation

Originally published June 23, 2009

Potential Implications For Banks, Thrifts And Their Holding

Companies

The Obama Administration introduced a white paper, Financial

Regulatory Reform – A New Foundation: Rebuilding

Financial Supervision and Regulation,1 (the White

Paper) on June 17, 2009, proposing significant and comprehensive

regulatory reform in response to what the White Paper calls the

"most severe financial crisis since the Great

Depression."

The White Paper offers targeted recommendations intended to

address the following five key goals: (1) promote robust

supervision and regulation of financial firms, (2)

establish comprehensive supervision and regulation of financial

markets, (3) protect consumers and investors from

financial abuse, (4) improve tools for managing financial

crises, and (5) raise international regulatory standards

and improve international cooperation.

Robust Supervision And Regulation Of Financial

Institutions

As part of the effort to strengthen and augment the existing

regulatory framework, t...

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