10 May 2008

SEC to Require Additional Bank Disclosure

The SEC is proposing regulations that would requireinvestment banks to make more detailed disclosures about their liquidity and capital positions.

The head of the SEC, Christopher Cox, is also calling for legislation to create a specific authority to supervise investment banks. (the current disclosure program is voluntary).

Hopefully, this is the harbinger of more, and more aggressive, regulation of the financial services industry.

0 comments :

Post a Comment