Feds' Crisis-Prevention Plan Puts Weight On Investors

Law360, New York (March 13, 2008, 12:00 AM EDT) -- Aiming to avoid a repeat of the current credit crisis, a plan crafted by the nation's top economic policymakers not only tasks state and federal regulators with the job of providing more oversight, but also requires large investors to demand answers.

"It looks like there may be increased regulatory activity on several fronts," said Andrew Cross, partner at Reed Smith LLP, "They've put responsibility on a number of different stakeholders and cast a potentially wide net in doing so."

The policy recommendations released by the President's...
To view the full article, register now.