US: regulatory overhaul needed

At a US congressional hearing of the committee of oversight and government reform on October 23, speakers called for far-reaching regulatory change. These included greater scrutiny of derivatives, increased capital charges on securitised products and the need for an all-powerful national regulator.

Committee chairman Henry Waxman said regulatory failure was the single factor linking the huge losses at American International Group, the collapse of Lehman Brothers and the weaknesses of credit

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: