Not the sort of thing we usually highlight on HOB but we thought this might be of interest…
CCH issues new White Paper: The Obama Administrations proposal to reform the U.S. Financial Regulatory System
CCH Principal Securities Law Analyst Jim Hamilton, JD, has authored a new White Paper, The Obama Administration’s Proposal to Reform the U.S. Financial Regulatory System.
Hamilton identifies the proposal as the most sweeping and fundamental regulatory reform of the U.S. financial and securities markets since the New Deal.
Hamilton explores each aspect of the proposal in depth: creation of a systemic risk regulator; increased regulation of hedge funds and private equity; improving the SEC’s ability to protect investors; harmonizing securities and futures regulation between the SEC and CFTC; regulation of OTC derivatives, including credit default swaps; a strengthened regulatory framework for money market funds; oversight of clearing and settlement systems; creation of a resolution authority for systemically significant financial companies; reform of securitization; new rules on corporate governance and executive compensation; a review of financial accounting standards by the standard setters; and international aspects of financial regulation.
Hamilton also identifies the guiding principles that inform the proposal as a whole.
“The administration believes that the nation must devise a financial regulatory regime for the 21st century to replace what is still essentially a 1930s regulatory apparatus,” Hamilton said.
Hamilton is a prolific blogger on current issues in the securities field. Jim Hamilton’s World of Securities Regulation can be found at http://jimhamiltonblog.blogspot.com/.
He has written and spoken extensively on federal securities law and has been cited as an authority by a federal court. His analysis of the Sarbanes-Oxley Act, the Sarbanes-Oxley Manual: A Handbook for the Act and SEC Rules, is considered a definitive explanation of the Act. In addition to his many books and articles, Hamilton serves as a leading contributor to the industry-standard publication, the CCH Federal Securities Law Reporter.
This latest White Paper from Hamilton is one of a series he has authored on new developments in securities law.
For a copy of the White Paper, visit: The Obama Administration’s Proposal to Reform the U.S. Financial Regulatory System (or http://business.cch.com/securitiesLaw/news/06-18-09a.pdf ).
Source: CCH; Wolters Kluwer Law & Business
