The Shadow Financial Regulatory Committee (SFRC) is a group of publicly recognized independent experts on the financial services industry--including banking, insurance, and securities--who meet regularly to study and critique regulatory policies affecting this sector of the economy. At two closed sessions before the luncheon, committee members discussed, among other things, proposed reforms to the financial regulatory structure, including taxes on large banks; independence and transparency of the Federal Reserve; splitting up of large banks; Glass-Steagall and proprietary trading issues; Securities and Exchange Commission policy initiatives; accounting issues; and other actions and proposals in the financial services sector.
At the luncheon press briefing that follows these sessions, SFRC members issued one or more statements and answered questions related to the topics discussed.








