The Future of Financial Regulation: Structural Reform or Status Quo?
A March 13, 2003, FDIC symposium - "The Future of Financial Regulation: Structural Reform or Status Quo?" - evaluated the U.S. financial regulatory system: the current financial regulatory structure, challenges and obstacles to reform, and alternatives for the future.
FDIC Chairman Donald Powell welcomed participants, saying "Today I want to raise a fundamental question that has been raised many times before: Does the current regulatory arrangement make sense for today's financial system?" This symposium gave the FDIC stakeholders the opportunity to voice their views on this issue.
House Financial Services Committee Chairman Michael G. Oxley opened the symposium with his remarks about the need for restructuring.