Jeff Jinnett: Obama Administration Proposed Financial Services Regulatory Reforms (Part 1): An Overview

On June 17, 2009, the U.S. Department of the Treasury issued a white paper entitled “Financial Regulatory Reform – A New Foundation: Rebuilding Financial Supervision and Regulation” (the “New Foundation White Paper”).(1)  The New Foundation White Paper outlines the Obama administration’s proposals for significant changes in the framework under which financial institutions are regulated by…

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Sai Sireesh: Regulatory Oversight & Risk Management of the Future

Year 2008 was a humbling and significant event for the Investment Banking and Risk Management professions. Many epitaphs will be written for legendary institutions that disappeared overnight and will be spoken about for decades to come in terms of the crunching global impact and the associated learnings.  About $650bn of sub-prime bonds outstanding in March…

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Jeff Jinnett: IT Approaches to State Law Preemption Under the Proposed Consumer Financial Protection Agency

On June 17, 2009, the U.S. Department of the Treasury issued a white paper entitled “Financial Regulatory Reform – A New Foundation: Rebuilding Financial Supervision and Regulation”(1).  This document sets forth the vision of the Obama administration for a new federal regulatory regime for the U.S. financial services industry. One proposed change is to create…

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