House Comm. to Hold Hearing on Financial Regulation
|October 15, 2008|
Washington, DC—House Financial Services Committee Chairman Barney Frank (D-MA) announced that the Committee will hold a hearing on October 21st to address the need for broad regulatory restructuring and reform for the financial markets, including financial institution oversight and regulation, systemic risk, and housing finance. This is a continuation of two hearings held by the committee in July focused on regulatory restructuring and systemic risk, which the Committee heard from regulators.
This hearing will focus on the extent to which an outdated and weak regulatory system contributed to the current market turmoil and whether adoption of a stronger and more robust financial regulatory system could contribute to a more rapid recovery in the financial markets and the economy. Specifically, the hearings will examine: