US Treasury's Blueprint for Financial Regulatory Reform
Edmund L. Andrews reports for the New York Times on plans by the US Treasury Department to announce a 'Blueprint for Financial Regulatory Reform' (see executive summary) on Monday. According to the Times, Treasury will propose 'that Congress give the Federal Reserve broad authority to oversee financial market stability, in effect allowing it to send SWAT teams into any corner of the industry or any institution that might pose a risk to the overall system.'
READ MORE




