Client Update: Obama Administration Proposes Comprehensive Changes to Financial Services Regulation
18 June 2009
Mayer Brown Legal Update
The Obama Administration has released a detailed proposal to change the financial services regulatory regime in the United States. The “white paper,” entitled “Financial Regulatory Reform: A New Foundation,” calls for the most significant overhaul of the American financial regulatory landscape since the Great Depression and is intended to mitigate or forestall future financial crises.