Treasury Secretary Proposes Overhaul of Financial Market Regulatory Process

by Sabrina I. Pacifici on March 30, 2008

WSJ – Sweeping Changes in Paulson Plan: “U.S. Treasury Secretary Henry Paulson plans Monday to call for sweeping structural changes in the way the government monitors financial markets, capping a broad review aimed at revamping a system of regulatory oversight built piecemeal since the Civil War. If even only some of the changes get made, they would represent a major reworking of the U.S. regulatory system for finance. Such an outcome would likely take years and would also require major compromises from an increasingly partisan Congress.”

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