Here's the plan, now the fight (Dealscape

President Obama's financial overhaul plan made a few concessions to political reality but the White House will have to make more dramatic compromises if his proposed overhaul of industry regulation is to be enacted.

The plan calls for the creation of a council of financial services regulators, chaired by the Treasury but giving sweeping new powers to the Federal Reserve Board. The Treasury's role on the council would be to coordinate policy and identify emerging risks. The Federal Reserve would be designated as the consolidated supervisor of all holding companies of interconnected financial companies, whose failure would be likely to cause damage throughout the financial system. They're being dubbed "Tier 1" financial firms. All Tier 1 firms would have to be well-capitalized on a consolidated basis.

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76 articles related to the American Bankers Association
29 in-depth reports of Reorganization plans in the FInancial Services sector
26 articles related to President Barack Obama
10 in-depth transaction records for the U.S. Department of the Treasury
10 years of news and analysis archives from the voice of The Deal Economy

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NOT A SUBSCRIBER? Here's the plan, now the fight Posted on June 17, 2009 10:40 AM President Obama's financial overhaul plan made a few concessions to political reality but the White House will have to make more dramatic compromises if his proposed overhaul of industry regulation is to be enacted. The plan calls for the creation of a council of financial services regulators, chaired by the Treasury but giving sweeping new powers to the Federal Reserve Board. The Treasury's role on the council would be to coordinate policy and identify emerging risks. The Federal Reserve would be designated as the consolidated supervisor of all holding companies of interconnected financial companies, whose failure would be likely to cause damage throughout the financial system. They're being dubbed "Tier 1" financial firms. All Tier 1 firms would have to be well-capitalized on a consolidated basis. This is a free content preview. Subscribers enjoy access to all stories in full as well as second-to-none market intelligence. Dig deeper, with Pipeline. 76 articles related to the American Bankers Association 29 in-depth reports of Reorganization plans in the FInancial Services sector 26 articles related to President Barack Obama 10 in-depth transaction records for the U.S. Department of the Treasury 10 years of news and analysis archives from the voice of The Deal Economy Most searched keywords Skadden Arps Idearc Inc. Deutsche Bank Amusement parks Deb Shops Windstream Corp. Concho Resources Hanna Andersson Tween Brands Edward Bastian		EXISTING USERS Username Password Forget your password? Missing a product?

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