Treasury Secretary Henry Paulson's plan to overhaul the regulatory system for financial markets in the U.S. includes merging or eliminating agencies and boosting the role of the Federal Reserve. SIFMA President and CEO Timothy Ryan praised the proposal, stating that the
current regulatory structure was "born of Depression-era events and is not well-suited for today's environment where billions of dollars race across the globe with a click of a mouse." Read the full SIFMA press release.

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