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 the two closed sessions before the luncheon, committee members will discuss, among other things, federal preemption for banks and insurance companies; an update on government-sponsored enterprises (GSEs); proposed regulation on post-employment restrictions for senior bank examiners; the risk posed to banks by the combination of innovative mortgages and a possible housing bubble; proposed deposit insurance legislation; and an update on the Securities and Exchange Commission.
   
At the luncheon press briefing that follows these meetings, SFRC members will issue one or more statements and will answer questions relating to the topics discussed.
   
On Sunday evening, September 11th, the committee will send out e-mail notices of the subjects that will be covered in Monday’s statements.