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Ms. Cantwell had been concerned about potential loopholes but said she was reassured that the bill would impose a tight regulatory framework.
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The measure restricts the ability of banks to invest and trade for their own accounts — a provision known as the Volcker Rule, for its chief proponent, Paul A. Volcker, the former Federal Reserve chairman — and creates a tight new regulatory framework for derivatives, the complex financial instruments that were at the heart of the 2008 crisis.
The regulatory framework is tight and complex, and the regulatory requirements and associated timelines are difficult to reconcile with the straightforward time planning of milestones and deliverables in a typical EU grant.
The president views Bernanke as a key figure in delivering change to the financial system – including an overhaul of the US regulatory framework and tighter management of risks taken by financial institutions.
The final legislation largely mirrors the regulatory policies initially sought by the White House, including a powerful new consumer financial protection bureau at the Federal Reserve, a tough regulatory framework for derivatives, and tighter rules and requirements for big banks.
Current energy policy provides neither the regulatory framework nor economic incentives needed to close the gap between supply and demand.
We decided to change the regulatory framework.
The regulatory framework had deficits too".
King said tight regulation was needed to ensure that GM was developed in a way that allayed public anxieties, and said Britain had shown itself able to put the right regulatory framework in place.
"There is a real need for an international regulatory framework.
We will build a regulatory framework which encourages this".
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