A New Way Of Thinking About Financial Services Regulation
Law360, New York (January 14, 2016, 10:52 AM EST) -- Financial services regulation in the United States is the product of history, not logic. It consists of a number of regulatory silos created episodically under different bodies of law administered by different regulators. With some friction at the regulatory boundaries, banks are regulated by three federal regulators (down from four as a result of Dodd-Frank) and the 50 states. Broker-dealers, investment advisers and investment companies are regulated by the U.S. Securities and Exchange Commission. Commodities, futures and derivatives are regulated by the U.S. Commodity Futures Trading Commission. Pension plans are regulated by the U.S. Department of the Labor and the IRS. And insurance companies are regulated by the 50 states....
Law360 is on it, so you are, too.
A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.
