Things we're reading today include …
US releases plans for bank regulatory reform
"Financial Regulatory Reform: A New Foundation", the US Treasury Department official document detailing the Obama administration's
plans to tighten regulatory oversight of the US financial system (89 page pdf document)
President Obama sets out biggest overhaul of Wall Street in decades (Telegraph)
US groups face regulatory revamp (Financial Times)
Strengthened Federal Reserve is key to Obama overhaul of US financial regulation (Telegraph)
New consumer agency to expand regulatory reach
Obama makes right moves on regulating Wall Street but misses chance of a full rebuild
UK at odds with the EU over regulatory reform:
Mervyn King (Governor of Bank of England) at odds with Alastair Darling (UK Chancellor):
Bank of England governor Mervyn King's speech to the lord mayor's banquet (Guardian)
King calls for banks to be 'cut down to size'
Mervyn King tells Chancellor that, from his counting house, the figures don't add up
Mervyn King presses his case to limit size of banks (Times)
Royal Bank of Scotland chief sees green shoots (Times)
JPMorgan Chase pays back $25 billion in TARP funds
JP Morgan sees global recovery (Reuters)
Hyperinflation: The Story of 9 Failed Currencies (Mint Blog)
Quote of the Day:
"Ninety percent of politicians give the other ten percent a bad name."
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