Here’s it is, 89 pages which promise to “modernize and protect the integrity of our financial system.”
A NEW FOUNDATION: rebuilding Financial Supervision and Regulation
Bullet points:
- Require that all financial firms that pose a significant risk to the financial system at large are subjected to strong consolidated supervision and regulation
- Increase market discipline and transparency to make our markets strong enough to withstand system-wide stress and the potential failure of one or more large financial institutions
- Rebuild trust in our markets by creating the Consumer Financial Protection Agency to focus exclusively on protecting consumers in credit, savings, and payment markets.
- Provide the government with the tools needed to manage financial crises so it is not forced to choose between bailouts and financial collapse
- Raise international regulatory standards and improve international coordination
If you a struggling to download a copy at financialstability.gov, a copy has been posted in the Long Room here.
Related links:
Requiring Strong Supervision And Appropriate Regulation Of All Financial Firms – financialstability.gov
Strengthening Regulation Of Core Markets And Market Infrastructure – financialstability.gov
Strengthening Consumer Protection – financialstability.gov
Providing The Government With Tools To Effectively Manage Failing Institutions – financialstability.gov
Improving International Regulatory Standards And Cooperation – financialstability.gov