GAO Proposes Framework for Assessing Proposals to Modernize the US Financial Regulatory System

more+
less-

In response to what it called the worst financial crisis in more than 75 years, the Government Accountability Office (“GAO”) released a report, dated January 8, 2009, titled “Financial Regulation-A Framework for Crafting and Assessing Proposals to Modernize the Outdated U.S. Financial Regulatory System.” Unlike other regulatory initiatives designed to address the recent credit crisis, and in light of the inevitable regulatory changes that will be adopted, the GAO’s proposal represents a meta-framework that sets out many of the underlying causes for the crisis and identifies criteria to be used in evaluating any proposed regulatory change.

Please see full update for more information.

LOADING PDF: If there are any problems, click here to download the file.


DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Morrison & Foerster LLP | Attorney Advertising

Written by:

more+
less-

Morrison & Foerster LLP on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:

Sign up to create your digest using LinkedIn*

*With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name. Or, sign up using your email address.
×
Loading...
×
×