SA05 New promise.

The US government has announced a major reform of banking regulation to prevent future financial crises.

The overhaul will require big banks to put more money aside against future losses to curb excessive risk taking.

Consumers will get a special agency to protect their interests and regulate mortgages and credit cards.

In outlining the reforms, President Barack Obama described them as the biggest shake-up of the US system of financial regulation since the 1930s.

The US central bank, the Federal Reserve, will be given the authority to monitor major financial institutions.

The US President said the lack of oversight among finance firms prompted systemic abuse causing risks for both companies and individuals.

2 Responses to SA05 New promise.

  1. Pak Din berkata:

    That is the legacy of our trillion-dollar deficits. Erasing them will be one of the great political issues of the coming decade.

    http://www.nytimes.com/2009/06/10/business/economy/10leonhardt.html?_r=1

    Obama mewarisi hutang yang dibuat oleh pengurusan sebelumnya, terutama Bush. Dengan hutang terbesar matawang USD masih bertahan sebagai yang diharapkan oleh Dunia. Apakah yang diharpkan oleh mereka?

Tinggalkan Jawapan

Fill in your details below or click an icon to log in:

Gravatar
WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Tukar )

Twitter picture

You are commenting using your Twitter account. Log Out / Tukar )

Facebook photo

You are commenting using your Facebook account. Log Out / Tukar )

Connecting to %s

Follow

Get every new post delivered to your Inbox.