PDF of Breifing available for download
CCH has issued an extensive Briefing on the House-passed Wall Street Reform and Consumer Protection Act of 2009 detailing the bill’s many provisions affecting securities and banking regulation. To read the Briefing, click here. CCH is part of Wolters Kluwer Law & Business, a leading provider of research information and software solutions in key specialty areas for legal and business professionals ( business.cch.com).
The Briefing examines each aspect of the bill, touching on an array of issues ranging from over-the-counter derivatives to consumer protection, and compares the House measure to provisions of comparable legislation in the Senate.
“If enacted, this legislation would provide a sweeping overhaul of U.S. financial services and markets, ” said CCH Principal Securities Analyst Jim Hamilton, JD. “It addresses a wide range of securities and corporate governance issues, realigns regulatory agencies and would subject entities such as credit rating agencies and hedge funds to a level of scrutiny they have never known before.”
“The legislation passed by the House is markedly different from the proposal issued by the Senate Banking Committee,” noted CCH Banking Law Analyst John Pachkowski, JD. “The Office of Thrift Supervision, Office of the Comptroller of the Currency and certain supervisory roles of the FDIC and the Fed are realigned differently by the two proposals. A conference committee may have to iron out differences, assuming that the Senate proposal is passed by the full body.”
For More Information
Members of the press interested in speaking with CCH securities and banking law experts should contact Leslie Bonacum at 1-847-267-7153, firstname.lastname@example.org; or Neil Allen at 1-847-267-2179, email@example.com.
For a copy of the Briefing, visit: click here.
CCH also offers a wealth of special resources related to the financial crisis at the CCH Financial Crisis News Center, financialcrisisupdate.com. The Center provides the legal community and others with a cohesive and robust selection of breaking news stories, analysis and links to the full text of source documents for regulatory actions and serves as a central entry point for CCH banking and securities law resources related to the crisis.
About Wolters Kluwer Law and Business
Wolters Kluwer Law & Business is a leading provider of research products and software solutions in key specialty areas for legal and business professionals, as well as casebooks and study aids for law students. Its major product lines include Aspen Publishers, CCH, Kluwer Law International and Loislaw. Its markets include health care organizations, law firms, law schools, corporate counsel and professionals requiring legal and compliance information. Wolters Kluwer Law & Business, a unit of Wolters Kluwer, is based in New York City and Riverwoods, Ill.
Wolters Kluwer is a leading global information services and publishing company. The company provides products and services for professionals in the health, tax, accounting, corporate, financial services, legal, and regulatory sectors. Wolters Kluwer had 2008 annual revenues of €3.4 billion, employs approximately 20,000 people worldwide, and maintains operations in over 35 countries across Europe, North America, Asia Pacific, and Latin America. Wolters Kluwer is headquartered in Alphen aan den Rijn, the Netherlands. Its shares are quoted on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices. Visit www.wolterskluwer.com for information about our market positions, customers, brands, and organization.