Download or read book Financial Regulation: A Framework for Crafting and Assessing Proposals to Modernize the Outdated U. S. Financial Regulatory System written by Gene L. Dodaro and published by DIANE Publishing. This book was released on 2009-11 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: This testimony discusses a Jan. 8, 2009, report that provides a framework for modernizing the outdated U.S. financial regulatory system. This testimony: (1) describes how regulation has evolved in banking, securities, thrifts, credit unions, futures, insurance, secondary mortgage markets and other important areas; (2) describes several key changes in financial markets and products in recent decades that have highlighted significant limitations and gaps in the existing regulatory system; and (3) presents an evaluation framework that can be used by Congress and others to shape potential regulatory reform efforts. Charts and tables.