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Investor Group Offers Views on Reg Reforms

Melissa Klein Aguilar | July 15, 2009

A high-profile group of investors, led by two former Securities and Exchange Commission chairmen, has published its own views on how best to reform regulation of the U.S. financial markets, which include calling for the creation of an independent Systemic Risk Oversight Board.

The Investors' Working Group, sponsored by the CFA Institute Center for Financial Market Integrity and the Council of Institutional Investors and co-chaired by former SEC chairmen William Donaldson and Arthur Levitt, detailed its recommendations in a 46-page report released today.

The SROB would collect and analyze financial institutions' exposures, practices, and products that could threaten the stability of the financial system and recommend steps existing regulators should take to reduce those risks, according...

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