Client Alert
| April 4, 2008
Treasury Department Proposes Reform of Financial Regulation Affecting Banks, Broker-Dealers and Commodities Firms
On March 31, 2008, the Department of the Treasury released its "Blueprint for a Modernized Financial Regulatory Structure" (the "Blueprint"). Unlike many other proposals currently being discussed, the Blueprint does not focus on resolving issues relating to subprime mortgages. Rather, its principal concern is with regulatory efficiency as an economically desirable goal for the US financial system. Despite this focus, some of the Blueprint's proposals could have an effect on the resolution of some of the questions that have arisen as a result of the subprime crisis.
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This memorandum is intended only as a general discussion of these issues. It is not considered to be legal advice. We would be pleased to provide additional details or advice about specific situations. For additional information on this important topic, please feel free to call upon your Dewey & LeBoeuf relationship partner. No part of this publication may be reproduced, in whole or in part, in any form, without our prior written consent.
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