Newsletter Apr 2007: US regulatory reform wins serious attention

WASHINGTON – After digesting the powerful critiques of three high-profile reports on US financial competitiveness, regulators seem to have “got the message,” and to be taking the analysis and many of the proposals with considerable seriousness. In late March, two of the five commissioners at the US Securities and Exchange Commission (SEC), making speeches on the same day, provided some indication of the introspection and re-evaluation of regulatory policy now underway in their organisation.