Treasury capital market reforms put ball in industry’s court
Most of the US Treasury’s proposed reforms for the US capital markets avoid the need for congressional approval, giving the financial services industry a strong opportunity to roll back some of the perceived excesses of post crisis rule making, US sources have said.
The report, released on October 6, outlines a set of proposals designed to make it easier for US companies to access the capital markets, and to ease the regulatory burden on the banks and investors that underpin market activity.
Most suggestions for reform are based on the use
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