The Future Of Insurance Regulation

Law360, New York (January 21, 2010, 12:37 PM EST) -- The focus of the 2010 year congressional session will be on financial services regulatory reform. It is believed that the lack of effective regulation — or in some cases the use of unregulated financial services companies and products in concert with the excessive appetite for profits by the Wall Street bankers — may have been the genesis of the worse economic recession since the Great Depression.

The Obama administration has developed a list of guiding principles for modernizing financial services regulation primarily aimed at reducing the...
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