US regulatory overhaul inches closer

- By Risk Staff
- 30 Jan 2009

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Wheels are turning on the hill towards an overhaul of the US financial regulatory system. Within the past week, several new reports and draft legislation have been filed that all point towards the likely creation of a systemic risk regulator - although the jury is still out over whether this will be added to the Fed's role. Hedge funds are also threatened with greater government oversight, with a proposal for an all-out ban on trading of naked credit default swaps. The Senate banking committee

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