Obama reveals plans for US regulatory shake-up


WASHINGTON, DC - The long-awaited overhaul of the US regulatory patchwork was unveiled by the Obama administration on June 17. Treasury secretary Tim Geithner tabled the plans before the Senate Banking Committee the following day, but found himself having to defend his reforms from criticism from a range of industry stakeholders, with many feeling the reforms did not go far enough.

The Obama administration proposes to give the Federal Reserve Board wider powers to supervise various types of

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