Excerpt from: CFDs & Spread Bets
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| June 17, 2009 | | President Barack Obama to unveil financial regulations today | In the light of the recent financial crisis and subsequent recession, it is little surprise that U.S. leaders are looking to regulation to "fix" their problems. Today, President Barack Obama is expected to release new financial regulations.
Some of the new financial regulations include:
- More power to the Federal Reserve
- Creation of a new agency aimed at protection consumers in financial transactions.
- A National Bank Supervisor will be in charge of institutions.
The regulations will also eliminate some agencies, subsuming them into others. It will also require that some agencies (including the Federal Reserve) give up some specific powers.
| Topic Tags: Barack Obama, consumer protection, financial spread betting, new financial regulations, spread betting, U.S markets | |
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