Promoting vigorous competition may require Congress to enhance regulators' oversight of cross-platform deals".
Kendra Barkoff, a spokeswoman for the Interior Department, declined to answer questions about the casings, the blowout preventer and regulators' oversight of the rig because those matters are part of a continuing investigation.
The fundamental challenge is that the risk morphs quickly and can be difficult to detect .The official responses include increasing regulators' oversight of banks' computer systems and war-gaming attacks on banks and the networks that connect them.
The crisis revealed not only weaknesses in regulators' oversight of financial institutions, but also, more fundamentally, important gaps in the architecture of financial regulation around the world.
It's unclear how the bill improves regulators' oversight of big banks' derivatives activities.
"The crisis revealed not only weaknesses in regulators' oversight of financial institutions, but also, more fundamentally, important gaps in the architecture of financial regulation around the world," Bernanke said in January.
The British government has since moved the guys who set LIBOR from the British Bankers Associationn to the London office of the Intercontinental Exchange and beefed up regulators' oversight of the process, including keeping records of transactions rather than basing rates simply on what bankers say they would be willing to charge each other.
DealBook » U.S. Regulator Concedes Oversight Lapse in JPMorgan Loss | "At a Senate Banking Committee hearing, the comptroller of the currency, Thomas J. Curry, faced the brunt of the scrutiny," Mr. Protess reported.
DealBook » Regulator Concedes Oversight Lapse in JPMorgan Loss | The comptroller of the currency said JPMorgan Chase's trading loss would most likely influence the final version of the so-called Volcker Rule.
