Senator Dodd's Proposal for Financial and Banking Regulatory Overhaul to be Dissected First at GoldenNetworking.com's Banking Leaders Forum 2010

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) March 16, 2010 -- New York, NY, March 16, 2010 -- GoldenNetworking.com's Banking Leaders Forum 2010, "Discerning the New Industry Landscape (If Possible)", (http://www.bankingleadersforum.com), March 25th, Washington DC, sponsored by DLA Piper and Promontory Financial Group, will provide the most comprehensive overview of the changes in the legislative and regulatory landscape for the financial services industry, including Senator Dodd's recent proposal to overhaul current financial market rules.

Reported The Wall Street Journal, "The biggest winner in the bill appears to be the Federal Reserve, which would see its powers expand considerably. Large financial companies, particularly big banks, could emerge as the biggest losers. They would face much higher scrutiny from bank supervisors and potentially face sanctions for violating consumer protection rules by an autonomous new division within the Fed. Big banks could also be forced to comply with certain state consumer protection rules, a move that would be considered a huge win for consumer advocates and a blow to a financial industry that had lobbied against such a move. A central plank in the bill would give the government the power to seize and dismantle a large, failing financial company. This provision is intended to prevent the government from having to launch another ad hoc taxpayer-funded bailout, like the one that bailed out American International Group Inc. in late 2008. To pay for this power, the government is expected to require the largest financial companies to pay a combined $50 billion into a fund that one day could be used to arrest a failing company."

Banking Leaders Forum 2010, "Discerning the New Industry Landscape", is produced by GoldenNetworking.com (http://www.goldennetworking.com), the premier community of business, executives, entrepreneurs and investors, founded by former McKinsey consultant Edgar Perez. Upcoming Business Receptions and Leaders Forums include:

High-Frequency Trading Experts Forum 2010, "Starting and Running a High-Frequency Trading Operation" (http://www.HFTExpertsForum.com), March 18th, 2010, New York City

Hedge Funds Leaders Forum 2010, "Generating Alpha in Challenging Times" (http://www.HedgeFundsLeadersForum.com), March 18th, 2010, New York City

Real Estate Leaders Forum 2010, "Successfully Investing in Distressed Real Estate Assets" (http://www.RealEstateLeadersForum.com), April 22nd, 2010, New York City

Venture Capital Leaders Forum 2010, "Setting the Stage for Transformational Change" (http://www.VCLeadersForum.com), May 13th, 2010, Boston, MA

Contact:
Edgar Perez
Founder
GoldenNetworking.com
New York, NY
516-761-4712
eperez@goldennetworking.com
http://www.goldennetworking.com

business     consumer advocates     consumer protection rules     executives     financial industry