Proposed economic and regulatory reforms create uncertainty for the financial services industry
The Securities Industry and Financial Markets Association’s Asset Management Group supports the Obama administration’s regulatory reform proposal that would require firms to retain an economic interest in securitized loans, SIFMA said Thursday.SIFMA’s Asset Management Group announced that it “supports the administration’s proposed requirements for asset originators and transaction sponsors to retain a meaningful economic interest […]
Plan calls for the creation of a Financial Services Oversight Council
“Prepare for a round of overregulation,” industry warned
Reform gets hung up in provincial differences
> Financial Stability ForumTransparency: Encourage firms to boost risk disclosures. Regulatory cooperation: The FSF and IMF will intensify their cooperation on financial stability.> Basel Committee On Banking SupervisionCapital: Raise capital requirements for complex structured products, trading book exposures and banks’ ABCP liquidity facilities.Liquidity: Develop guidance on the management and supervision of liquidity.Transparency: Issue guidance to […]
Gaps and weaknesses in regulation and supervision have contributed to the crisis in credit markets
Deadline for submissions is July 15
Recommendations could ease credit crisis
State regulators oppose Paulson blueprint