The Treasury Department has published its Blueprint for a Modernised Financial Regulatory Structure. The report makes many recommendations, the purpose of which are to improve regulatory coordination and oversight and to eliminate duplication. The report describes an optimal regulatory structure, with three main regulators: a market stability regulator, a prudential financial regulator, and a business conduct regulator. In addition, tasks are given to a federal insurance guarantor and a corporate finance regulator (CFR). With regard to the CFR, the Blueprint explains (p. 21):
"The corporate finance regulator should have responsibility for general issues related to corporate oversight in public securities markets. These responsibilities should include the SEC’s current responsibilities over corporate disclosures, corporate governance, accounting oversight, and other similar issues".
Spread The Love, Share Our Article
Subscribe to:
Post Comments (Atom)
Popular entries
-
Public limited companies in Norway were given until the start of this year to implement rules designed to increase the representation of wom...
-
Ireland's court of final appeal - the Supreme Court - delivered its judgment in Mitek Holdings Ltd & The Companies Acts [2010] IESC...
-
In Chahwan v Euphoric Pty Ltd trading as Clay & Michel [2008] NSWCA 52 (8 April 2008) the New South Wales Court of Appeal considered wh...
-
The Committee of European Securities Regulators has published a report exploring Member States' use of options and discretions under th...
-
Several months ago the Court of Appeal gave judgment in Moore Stephens (a firm) v Stone & Rolls Ltd [2008] EWCA Civ 644 and it would ap...
-
The Treasury Department has published its Blueprint for a Modernised Financial Regulatory Structure . The report makes many recommendations...
-
Earlier this year, Japan's Financial Services Agency adopted new rules increasing the disclosure obligations of listed companies with r...
-
Straight from Google's official blog: Official Google Blog: Why does Google remember information about searches? 5/11/2007 11:21:00 AM P...
-
After the recent spate of toilet cam stories ( Canadian Privacy Law Blog: Montreal mall fake toilet-cam raising concerns , Canadian Privacy ...
-
Mrs Justice Proudman, sitting in the High Court, gave judgment last week in Secretary of State for Business, Innovation and Skills v Aaron &...
Comments
Post a comment on: US: A proposal for a corporate finance regulator