Monday, 23 June 2008

Fed, SEC Near Accord To Redraw Wall Street Regulation

Am I the only one to think that a more comprehensive solution to the fractured US regulatory landscape is needed than just to increase cooperation and information-sharing between the central bank and [the] SEC as the WSJ reports is in the offing? What about alignment of capital requirements? You need to rebuild the whole building, guys, not throw a tarp over it and call it fixed.

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