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Newsletter July/Aug 08: Fed-SEC memorandum seen as step to US regs reform

Simon Turmaine | July 28, 2008

WASHINGTON – The Memorandum of Understanding (MoU), signed in early July by the chiefs of the US Securities and Exchange Commission (SEC), and the Federal Reserve, is being hailed as an important step in reducing agency turf rivalry, and pointing the way to the longer-term modernisation of the country’s regulatory structure.

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