The Deal
Wednesday, November 25, 
2:42 am

Fed, SEC announce oversight plan

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SEC_headquarters.jpgThe Federal Reserve Board and the Securities and Exchange Commission on Monday released a plan for coordinating oversight responsibilities over net capital and liquidity requirements for investment banks in the wake of the credit crisis and Bear Stearns Cos. collapse.

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As predicted by The Deal, the two regulators released Monday a so-called Memorandum of Understanding, which creates a mechanism for sharing information on investment banks while also helping regulators decide whether to extend the Fed's status as an emergency lender to securities firms. - Ron Orol

See the SEC's press release
See the Memorandum of Understanding (pdf) 
See July 2 story from The Daily Deal

Ron Orol is a Washington-based reporter for The Deal and author of Extreme Value Hedging: How Activist Hedge Fund Managers Are Taking on the World.





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