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US reveals overhaul of financial regulation

The US Treasury has unveiled its blueprint for the biggest overhaul of financial regulation since the 1929 stock market crash.

US Treasury secretary Henry Paulson says the plan will give the Federal Reserve more powers to protect the stability of the entire US financial system.

Under the proposals, the Fed would have powers to examine the books of any financial institution deemed to potentially threaten the stability of the US financial system.

Paulson says the reforms address complex long term issues and are not a direct response to the current market turmoil.

The report, entitled Blueprint for a Modernised Financial Regulatory Structure, was commissioned two months before credit markets seized up last August.

Paulson stressed that more rules are “not the answer.”

He says: “We should and can have a structure that is designed for the world we live in, one that is more flexible, one that can better adapt to change, one that will allow us to more effectively deal with inevitable market disruptions and one that will better protect investors and consumers.”


$200000000000 Questions…

“Would you describe the nationalisation of Northern Rock as a rescue, as saving it or as a salvage job? For the record, something sal-vageable is capable of being used or re- constructed in spite of being damaged, but is unlikely to have been improved by the experience.So why save or salvage NR when there more […]

Running sore

Disaster also struck eConveyancer’s plucky Vanessa Blount last week.

Whole loan sale conference

Lending Strategy will have exclusive access to Merrill Lynch’s inaugural whole loan sale conference in London on Friday 16 May, and will report on it in our June issue.

Let’s get together for the greater good

Easter is a good time to reflect. The year is well underway and all those new year resolutions have been long forgotten, unless you have a will of pure steel.

Naming a reward programme

Six tips to get your reward programme name right

by Debra Corey, group reward director  Choosing a name isn’t easy. Whether it’s for your new puppy, a bundle of joy or your reward programme, a name determines a first impression – and often a lasting memory. When it comes to your reward programme, the name will determine how your employees feel about it even before […]


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