Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards

Financial Planning > Behavioral Finance

This Week In Reform

Your article was successfully shared with the contacts you provided.

WASHINGTON BUREAU — Lawrence Summers, chairman of President Obama’s National Economic Council, is gearing up to unveil the Obama administration’s financial services regulation reform plans Wednesday.

Summers says the details of the reform efforts are “mind-numbingly complex,” and observers say it could be several weeks before reform legislation is introduced.

Treasury Secretary Timothy Geithner is set to discuss the proposals Thursday, in rare consecutive hearings before the Senate and House financial services committees.

The Senate Banking, Housing and Urban Affairs will hold a hearing at 9:30 a.m. Thursday, in a large, rarely used hearing room in the Hart Senate Office.

At 1:30 p.m., Geithner will appear before the House Financial Services Committee.

In other hearing news, the House Financial Services Committee capital markets subcommittee will hold a hearing on systemic risk and insurance at 10 a.m. Tuesday.

Witnesses will include Patrick Baird, chairman of the American Council of Life Insurers, Washington, and Michael McRaith, who will represent the National Association of Insurance Commissioners, Kansas City, Mo.


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.