The head of the fund-industry’s advocacy group has outlined the regulatory reforms that most need Washington’s attention. Here’s the list, compiled by Paul Schott Stevens of the Investment Company Institute:

o Establish a single U.S. capital markets regulator for the SEC and Commodity Futures Trading Commission.

o Update the securities laws and harmonize laws that regulate brokers and investment advisors.

o Enlarge the mission; tough enforcement of securities laws must include smart oversight.

o Pay attention to agency management, including a better mix of disciplines on SEC staff, and

o Restructure staff offices.

Please send your views on the wish list to jlevaux@researchmag.com.