CCH Learning Center

Description:

The Obama Administration has proposed to Congress the most sweeping and fundamental regulatory reform of the U.S. financial and securities markets since the New Deal. The proposal’s goals are to regulate systemic risk, enhance transparency and disclosure, delink executive compensation from excessive risk, improve investor protection, and prevent regulatory arbitrage.

The Administration has set forth detailed recommendations on the regulation of hedge funds and over-the-counter derivatives, including credit default swaps, as well as draft legislation on a new resolution authority to unwind failing securities and commodities firms.

The Administration also recommends major corporate governance reforms, such as shareholder advisory votes on compensation and enhanced compensation committees.