Calls have already come from the Treasury Department for some regulator to step up the oversight of investment banks to prevent another Bear Stearns-like fiasco. Now the Securities and Exchange Commission says it is just the agency to do so.
SEC officials fired off a series of remarks last week to that end, saying that the Commission has already begun changing its standards for measuring the adequacy of investment banks’ liquidity—and that it would do much more if regulatory reform goes its way.
