Treasury Blueprint Would Alter Financial Oversight
By Securities Law on Apr 14, 2008 | In Legislative
On March 31, 2008 Treasury Secretary Henry Paulson outlined the details of a broad blueprint to significantly change the financial regulatory landscape. The Proposal would, among other things, shift many regulatory powers to the Federal Reserve from other agencies. Initial reaction from state securities regulators has been negative with Massachusetts Secretary of the Commonwealth William F. Galvin calling the Proposal a “disastrous backward step that would put the investor in jeopardy.” You will find various important links concerning this historic overhaul plan below. These are provided courtesy of SIFMA.
Link to Treasury’s fact sheet on the plan
http://www.treas.gov/press/releases/reports/Fact_Sheet_03.31.08.pdf
Link to the Blueprint’s executive summary
http://www.sifma.org/regulatory/pdf/Paulson-BlueprintExec-summary.pdf
Link to the Blueprint
http://www.sifma.org/regulatory/pdf/Modernized-Financial-Reg-Structure-Blueprint.pdf
Link to Secretary Paulson’s speech
http://www.treas.gov/press/releases/hp897.htm
For more information on this subject contact securities attorneys, Michaels, Ward & Rabinovitz, LLP.
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