Is there another “bank holiday” to be announced today?

September 14, 2009

From the Telegraph:

In a wide-reaching speech on the need for regulatory reform in order to avert another financial crisis he will call on the US Senate banking committee to kick-start work on these reforms as soon as possible.

Speaking from Federal Hall on Wall Street, just steps from the New York Stock Exchange, President Obama will stress that regulators and legislators not only in the US, but around the world, need to take the next steps to tighten financial regulation.

His comments will be closely watched by the banking fraternity on both sides of the Atlantic, eager to ensure that regulations do not become overly prohibitive.


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