US regulatory blueprint academic, say critics

WASHINGTON, DC - Outdated and under stress, the financial regulatory system in the US is no longer fit for purpose, according to the US Treasury Department. It aims to "thoughtfully evolve to a more flexible, efficient and effective safety and soundness regulatory framework" to maintain the financial competitiveness of the US.

In its Blueprint for a Modernised Financial Regulatory Structure, released on March 31, the Treasury suggests a number of improvements. It intends to restructure and

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