Three recent reports have warned that excessive regulation, litigation risk, and lack of regulatory coordination are contributing to the gradual erosion of U.S. financial services preeminence. Now, a fourth report, by the Blue Ribbon Commission on Competitiveness established by the Financial Services Roundtable, contains some important and unconventional recommendations for reform. The report, entitled A Blueprint for U.S. Financial Competitiveness, will be released on November 7, and is certain to receive serious attention from the Treasury Department as it develops its own recommendations for reform of financial services regulation. The Treasury recommendations are due early in 2008. At this conference, panelists will consider the major recommendations of the report and the important questions it raises about the future of financial services regulation.
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Sunday, November 22, 2009
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