In the year-long parade of plans and proposals for how to ensure the United States retains its competitive edge in the global marketplace, the nation’s leading financial institutions are calling for an overhaul in the regulatory regime.
The Financial Services Roundtable—a think tank with 100 members representing America’s banking, insurance, and investment sector—says America can retain its advantage in world markets if Congress and various regulatory agencies, most notably the Securities and Exchange Commission, reinvent the regulatory approach. The roundtable published its 68 specific recommendations in a 150-page report, titled “Blueprint for U.S. Financial Competitiveness.”
