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Roberta S. Karmel, Centennial Professor and codirector of the Dennis J. Block Center for the Study of International Business Law at Brooklyn Law School, writes that the Treasury recently proposed an overhaul of the U.S. financial regulatory system that would bring most financial intermediaries under direct federal supervision, and would give the Federal Reserve Board prudential regulatory authority over all types of financial institutions, including broker-dealers currently regulated by the SEC.
April 17, 2008 at 12:00 AM
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