Regulatory overhaul generally has industry support, Talbott says

01/12/2012 | Illinois Times (Springfield)

The Financial Crisis Inquiry Commission's report outlines factors that contributed to the global financial crisis and notes that the blame rests with a variety of financial institutions, government agencies and other entities. The crisis has prompted a regulatory overhaul, which is generally supported by major banks, said Scott Talbott, senior vice president for government affairs at The Financial Services Roundtable. "It modernized the regulatory framework, helped strengthen the financial institutions and prompted a number of market reforms that were outside of the law," Mr. Talbott said.

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Illinois Times (Springfield)

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