US firms face regulatory reform

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WASHINGTON, DC - An overhaul of the way the US regulates financial services firms could be on the cards when the new presidential administration takes over in January 2009, according to industry experts. But just what shape this new framework will take remains to be seen.

Dozens of Congressional hearings are expected in the coming months, as legislators struggle to get to grips with the economic, regulatory and political fallout from the past few weeks. One of the biggest losers in any

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