WASHINGTON — The House Financial Services Committee will hold aseries of hearings on regulation of the financial services industryand of financial markets, Chairman Barney Frank (D-Mass.) announcedtoday.
The sessions are scheduled to begin in July and will featureTreasury Secretary Henry Paulson and Federal Reserve Chairman BenS. Bernanke and other policymakers and regulators. They will focuson existing proposals, such as the regulatory overhaul proposed byPaulson in the Treasury Blueprint. That proposal has raisedconcerns among credit unions, which fear their existence could bejeopardized if they are placed under the same regulator asbanks.
Frank said the hearings will help lawmakers learn how to measureand limit risk, without stifling innovation.
Continue Reading for Free
Register and gain access to:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
- Educational webcasts, white papers, and ebooks from industry thought leaders.
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com.
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
