Blueprint for Reform: The Report of the Task Group on Regulation of Financial Services; Washington, D. C., July 2, 1984 (Classic Reprint) - Tapa dura

Sinopsis

Excerpt from Blueprint for Reform: The Report of the Task Group on Regulation of Financial Services; Washington, D. C., July 2, 1984

Many points of view were represented in the Task Group, and there were initial differences of opinion on many issues. However, I am proud that the members of the Task Group reached unanimous agreement on a comprehensive plan to improve the system. I am also pleased that our effort was accomplished entirely with existing staff and without any special funding.

Entitled Blueprint for Reform, the report sets forth more than four dozen recommendations. While not addressing every problem area, the report does propose realistic steps to simplify the system and to improve agency accountability. If enacted by Congress, the result will be a system better able to protect the integrity and stability of our financial markets in future decades.

In our View, the public would significantly benefit from a reorganization of our federal regulatory system. Safety, fairness and efficiency are attributes that the public interest demands of our financial system, and our recommendations are designed to help achieve these goals. We hope that you will favorably review them and authorize the introduction of necessary legislation with the Administration's strong support and the highest legislative priority.

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