President Barack Obama

Stress Testing Obama’s Financial Regulatory Plan

Wednesday 17 June 2009 19:57 | David Evans | 210 comments

One wonders whether a massive restructuring of the already complex regulation of a highly complex industry should be done so quickly.

Financial Regulatory Reform: A New Foundation

Wednesday 17 June 2009 | Obama Administration, US Treasury Department | 134 comments

This 89-page plan seeks to protect the integrity of our financial system while encouraging growth and innovation. It includes recommendations on the following key areas:
I. Promote Robust Supervision and Regulation of Financial Firms
II. Establish Comprehensive Regulation of Financial Markets
III. Protect Consumers and Investors from Financial Abuse
IV. Provide the Government with the Tools it Needs to Manage Financial Crises
V. Raise International Regulatory Standards and Improve International Cooperation

Download the full report.

Obama to crack down on tax havens, closing corporate taxation loopholes

Monday 04 May 2009 19:52 | Managing Editor | 196 comments

President Barack Obama said the administration will crack down on U.S. corporations “parking” overseas profit in tax havens to avoid repatriating the profit and paying tax on it, but he stopped short of eliminating deferral of foreign taxes altogether.