After floating various trial balloons, the Obama Administration announced its comprehensive plan for financial regulatory reform on Wednesday, June 17, 2009. While controversial from the moment of its announcement, the plan will serve as the starting point for significant legislative and regulatory action that will have long-term implications for the structure and regulation of the financial services industry.
Please join us on Thursday, June 25th, for the next 30-minute teleconference in our continuing series to discuss some of the key ramifications of these proposals for financial institutions, including such topics as:
- The impact of the Federal Reserve's enhanced role on the business models of firms that are not currently regulated as bank holding companies
- The plan's impact on charter choice and the dual banking system (including preemption)
- The unintended consequences of the establishment of a Consumer Financial Protection Agency
To view the Mayer Brown client update on the proposal please follow the link below.
Mayer Brown's Global Financial Markets Initiative helps clients deal with the legal and business challenges resulting from the ongoing turbulence in worldwide financial markets. By mobilizing the firm's global resources from multiple practices and offices, the Initiative provides clients with knowledgeable and timely counsel on a broad spectrum of their legal needs.
Visit Mayer Brown's Financial Market Distress - Resources site for a compilation of links to the latest documents issued by regulatory and other governmental agencies worldwide, and additional commentary by Mayer Brown. Please bookmark it and check back often to stay informed on this rapidly evolving situation.