US Treasury department creates new financial institutions policy office

A new office that will focus on legislative and policy matters related to the financial services sector — including commercial banks, investment banks, insurance companies, credit unions and savings and loans — was announced yesterday by the US Treasury.

The new office will be headed by Gregory Zerzan, who will be deputy assistant secretary for financial institutions policy. Zeran was most recently the senior counsel for legislation for the House Financial Services Committee, where he worked on financial modernisation, commodity futures modernisation and corporate accountability laws.

Many countries are consolidating their regulatory oversight of the financial services sector, and there are indications that the United States may be headed in

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