Congress Examines Regulation Of Investment Banks

Law360, New York (May 7, 2008, 12:00 AM EDT) -- Since the collapse of Bear Stearns Cos., the U.S. Securities and Exchange Commission has strengthened liquidity requirements and more closely scrutinized the secured funding activities of the four largest investment banks in the country, a top SEC official told Congress on Wednesday.

Under its consolidated supervised entities program, the SEC is also obtaining funding and liquidity information from the investment banks on a daily basis, discussing the banks' longer-term funding plans and working to identify additional scenarios that could lead to a loss of secured funding...
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