US regulations coming
(Reuters): The Obama administration plans to unveil on June 17 its sweeping plan to overhaul financial regulation, according to a source familiar with thinking at the U.S. Treasury Department. The proposal will serve as a framework for lawmakers as they embark on the thorny task of restructuring how banks, hedge funds, derivatives, and other financial firms and securities are policed. Administration officials and lawmakers have said they are aiming to have broad legislation passed by the end of the year.
Category: Business
