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May 27, 2009 at 08:00 PM
A new law has created a Financial Crisis Inquiry Commission that will “examine the causes, domestic and global, of the current financial and economic crisis.”
The commission is supposed to report by Dec. 15, 2010, on its findings.
Topics to be considered will include “affiliations between insured depository institutions and securities, insurance, and other types of nonbanking companies,” according to the text of the new law.
The commission also will investigate “the concept that certain institutions are ‘too-big-to-fail’ and its impact on market expectations,” and “the legal and regulatory structure governing financial institutions, including the extent to which the structure creates the opportunity for financial institutions to engage in regulatory arbitrage.”
