BusinessCompany NewsUS Treasury announces super Corporate Finance Regulator

US Treasury announces super Corporate Finance Regulator

US Treasury secretary Henry Paulson also warned of 'enhanced public disclsosure' requirements ahead, for financial institutions, over and above current requirements of other public companies

The US Treasury has unveiled a blueprint for a new regulatory structure which
includes a Corporate Finance Regulator, who will be of interest to FDs.

The new regulator is set to have influence over the Securities and Exchange
Commission, which oversees corporate disclosures, governance, accounting,
auditing, and other issues.

Henry Paulson, US Treasury Secretary, unveiled the blueprint, which states
that ‘given the significance of financial institutions to overall financial
market stability and the importance of market discipline, enhanced public
disclosures over and above the requirements applicable to other publicly traded
companies would be important.’

Publicly held financial services companies would also have an additional
rule-maker in the form of the Federal Reserve.

Further reading:

Paulson’s overhaul of US banking looms

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