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Influential US Senate committee proposes overhaul of the country’s regulatory architecture that would strip powers from the Federal Reserve and create a single banking regulator

11/11/09

Influential US Senate committee proposes overhaul of the country’s regulatory architecture that would strip powers from the Federal Reserve and create a single banking regulator

06:58:50 am, by RT, 92 words

Categories: Central Banks/Government, Banks/Investment Banks, Regulation

FT: US banks bill seeks to strip Fed of powers, Nov. 10, 2009

An influential US Senate committee has proposed a sweeping overhaul of the country’s regulatory architecture that would strip powers from the Federal Reserve and create a single banking regulator.

Chris Dodd, chairman of the Senate banking committee, on Tuesday presented a more radical vision of regulatory reform than that proposed by the Obama administration . The move ushered into the open a behind-the-scenes struggle between banks, policymakers and regulators. read more

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Influential US Senate committee proposes overhaul of the country’s regulatory architecture that would strip powers from the Federal Reserve and create a single banking regulator

11/11/09

Influential US Senate committee proposes overhaul of the country’s regulatory architecture that would strip powers from the Federal Reserve and create a single banking regulator

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