Volcker Alliance Proposes Merging Regulators


Volcker Alliance Group released a plan on Monday proposing the merger of the Securities and Exchange Commission (SEC) and the Commodity Future Trading Commission (CFTC) into a single new regulator overseen by the Federal Reserve and eliminating the need for the OCC.

“The aim is a simpler, clearer, more adaptive and more resilient regime that would have a mandate to deal with the financial system as it exists now,” the group said its report.

More here: http://www.thinkadvisor.com/2015/04/20/volcker-urges-merging-regulators