SECURITIES REGULATION LAW

Securities Regulation Law

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Securities Regulation Law

Introduction

“Blueprint for a Modernized Financial Regulatory Structure” was proclaimed by Treasury Department on March 31, 2008. The suggestions would provide the current functions of SEC to other regulatory bodies and basically eradicate the SEC to support optimal regulatory system. For instance, a Conduct Business Regulatory Authority would presume the role of SEC in amending business conduct and its imposing authority over monetary institutions. The aim is on attained consistency while treating financial products; lessen gaps in supervision and regulation and eradicating conflict among regulatory group. Corporate Finance Regulatory Authority is another new authority that is responsible to oversee corporate activities in public securities markets, such as subsuming several responsibilities of SEC, in addition corporate governance and disclosure, accounting omission and other related problems.

Discussion

The recommendation of “Treasury Blueprint” states the most comprehensive variation in the regulation of financial markets during last 75 years. It progressed from the debate in the direction of a policy for action. The suggestion seeks to guarantee the long-lasting US capital markets superiority in order to put forward attractive options. The blueprint is erected on several directing regulatory principles such as consistency, streamlining, confidence in markets, freedom to innovate, latitude for professional judgment and equity for all stakeholders. The recommendation is on the basis of important discussion regarding the effectiveness and impact of regulation of financial markets in a highly globalized market (Martinez & Rose, 2003).

The blueprint of Treasury is built on the current discussion and is a starting block for regulatory restructuring. While defining a regulation vision, it must revolve around the discussion regarding US capital markets competitiveness and proposes definite changes. The effectiveness of blueprint of treasury requires consideration of core principles that reflect future regulation and legislation for the US in order to ...