HONG KONG — Former U.S Senator Paul Sarbanes (D-Md), one of the original authors of the Sarbanes-Oxley law, told reporters in Hong Kong today that, in his opinion, U.S. financial regulators need to better use regulatory authority they have already.
Sarbanes spoke before a general session of World Council of Credit Unions' World Credit Union Conference.
He stressed that while regulators may need additional authority to further regulate some previously unregulated entities, such as investment banks, he had long urged regulators to use the laws they already have to better effect.
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.
