SEC, Fed to announce agreement to revamp regulation

06/23/2008 | Wall Street Journal, The

The Federal Reserve and the Securities and Exchange Commission are close to finalizing an agreement that would redraw the regulation of Wall Street. The agreement comes after the near-collapse of Bear Stearns and could be announced as soon as this week. The agreement is expected to cover how the agencies share information, including data regarding settlements, trades and positions.

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Wall Street Journal, The

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