Although still subject to Senate approval, the House of Representatives’ June 30, 2010 vote to approve the Bill* moves broker-dealers that much closer to sweeping changes to their business and operations. Only a limited number of provisions will be effective immediately upon the President’s signing of the Bill into law. Accordingly, the overall impact of financial regulatory reform cannot be fully determined until regulators undertake required rulemaking and also determine whether — and to what extent — to exercise delegated rulemaking authority.
Archives for July 2010
Triplets?. . . ‘No, I’d Rather Have Twins’ — The UK’s Blueprint for Financial Regulation
In a dramatic move, initially trailed this time last year, the Conservatives (now in coalition with the Liberal Democrats) have confirmed that they will in their term of service, abolish Britain’s tripartite financial services regime, to replace it with a form of "twin peaks" style of regulation.