Obama Financial Regulatory Overhaul Blueprint Released

The Obama administration today released their much anticipated blueprint for financial regulatory reform.  As expected, it outlines several goals of a reform effort.  The goals include the following:

  1. Promote Robust Supervision and Regulation of Financial Firms
  2. Establish Comprehensive Regulation of Financial Markets
  3. Protect Consumers and Investors from Financial Abuse
  4. Provide the Government with the Tools it Needs to Manage Financial Crises
  5. Raise International Regulatory Standards and Improve International Cooperation

While these are noble goals, the blueprint document offers little in terms of specific actions other than the creation of more agencies and committees to address the concerns.  This will result in greater regulatory complexity and reduced governmental accountability.   For individual companies, this will certainly require greater investment in compliance programs to address the new governmental requirements.  Since the requirements are unknown at this point, companies will be well served to have a nimble and flexible infrastructure in place in order to adapt to the new regulatory regime.  Are you prepared?  Wheelhouse Advisors provides cost-effective solutions to help companies meet the increasing risk management and compliance demands.   Visit www.WheelhouseAdvisors.com to learn more.

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About Wheelhouse Advisors
Wheelhouse Advisors LLC is the publisher of The ERM Current™, an online publication and blog dedicated to providing the latest updates on current trends in Enterprise Risk Management & Control. Wheelhouse Advisors provides cost-effective Enterprise Risk Management & Control solutions to both large and mid-size corporations. To learn more about Wheelhouse Advisors, please visit our web site at www.WheelhouseAdvisors.com.

One Response to Obama Financial Regulatory Overhaul Blueprint Released

  1. I couldn’t agree more that these proposals lack sufficient specific actions for individual companies. In fact, the proposals don’t really address intra-company risk management in general. As a taxpayer and shareholder in some of these Tier 1 FHCs, I would like to know more about that. See http://www.openpages.com/blog for more comments.

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