Obama promises 'detailed plan' for US regulatory overhaul

Regulatory News

WASHINGTON, DC - President-elect Barak Obama has made the clearest indication yet that the financial regulatory environment in the US will be overhauled as soon as he takes office on January 20. After announcing Mary Shapiro as his nomination for the role of chairman of the US Securities and Exchange Commission (SEC), Obama promised his team would put forward a detailed plan for financial regulation reform and that Shapiro would lead a "crackdown on the culture of greed and scheming". On

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