In light of the collapse of Bear Stearns, proposals to improve the regulatory structure to better assess and mitigate systemic risk to avoid similar or more serious crisis in the future. Neal introduced two new legislative initiatives to provide equal treatment for municipal bonds. The first bill, Paulson, Bernanke to Appear at First Hearing on Financial Market Regulatory Restructuring Washington, DC The House Financial Services Committee approved the following measures Read full story.
The adequacy of current oversight and regulatory tools, and the extent to which existing structures are adequate to respond to future problems. Specifically, the hearings will examine Current state of the financial regulatory system, both in the United States and abroad, and ways to measure and limit risk without stifling innovations and improve market liquidity and breadth. The implications of providing investment banks and others access to the discount window.
The adequacy of current oversight and regulatory tools, and the extent to which existing structures are adequate to respond to future problems. Specifically, the hearings will examine Current state of the financial regulatory system, both in the United States and abroad, and ways to measure and limit risk without stifling innovations and improve market liquidity and breadth. The implications of providing investment banks and others access to the discount window. the Municipal Bond Fairness will eliminate the ability of the rating agencies to use separate standards for municipal bonds and other bonds.
the Municipal Bond Fairness will eliminate the ability of the rating agencies to use separate standards for municipal bonds and other bonds. The practice of using separate scale that the industry has employed for many years has in many cases caused high quality general obligation bonds to be rated lower than comparable corporate bonds. This legislation would eliminate that unfair situation by requiring those credit rating agencies that choose to seek designation as nationally recognized statistical rating organization NRSRO to use rating symbols consistently for every security to which they are assigned. Read full story.
on 10th. The committee will explore the adequacy of current oversight and regulatory tools, and the extent to which existing structures are adequate to respond to future problems. Specifically, the hearings will examine Current state of the financial regulatory system, both in the United States and abroad, and ways to measure and limit risk without stifling innovations and improve market liquidity and breadth. The implications of providing investment banks and others access to the discount window. The need for enhanced capital and reserve requirements for financial firms.
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