House panel OKs systemic-risk council that couldn't override SEC

11/20/2009 | Nasdaq.com

The House Financial Services Committee has approved a measure to create a systemic-risk council of regulators that would be allowed to offer advice on accounting rules. The proposal is seen as a scaled-back version of an earlier plan to give the council more regulatory authority and the ability to overrule the Securities and Exchange Commission.

View Full Article in:

Nasdaq.com

Published in Brief: