Bank Systems & Technology is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Compliance

10:36 AM
Connect Directly
RSS
E-Mail
50%
50%

Senate's Regulatory Bill Calls for Single Financial Regulator [video]

Sen. Chris Dodd (D-CT) will unveil today the Senate Finance Committee's proposals for overhauling the financial regulatory system. The centerpiece is the creation of a single regulator.

Sen. Chris Dodd (D-CT) will unveil today the Senate Finance Committee's proposals for overhauling the financial regulatory system. The centerpiece is the creation of a single regulator.According to Bloomberg, the Federal Reserve and the FDIC would be stripped of their duties as bank supervisors, the Office of the Comptroller of Currency and Office of Thrift Supervision would be eliminated and folded into the Treasury Department, and there are calls for the creation of a "council of regulators" and a consumer watchdog agency, similar to what Rep. Barney Frank (D-MA) suggested in the House version of the regulatory legislation.

Register for Bank Systems & Technology Newsletters
Slideshows
Video
Bank Systems & Technology Radio
Archived Audio Interviews
Join Bank Systems & Technology Associate Editor Bryan Yurcan, and guests Karen Massey and Jerry Silva from IDC Financial Insights, for a conversation about the firm's 11th annual FinTech rankings.