Regulatory Reform: What's Coming? - Jim Eckenrode, TowerGroup

Insights on the Obama Administration's Early Efforts to Strengthen Financial Services And so it begins. With Treasury Secretary Geithner's appearance before Congress, requesting greater authority over non-banking institutions, the Obama Administration is starting to flex its muscles in preparation for a complete re-shaping of financial services regulation. In an exclusive interview, Jim Eckenrode, Banking Executive at TowerGroup, discusses: Reaction to Geithner's initial moves; How regulatory reform likely will unfold - and when; Why the banking industry is on the verge of creating what he calls "a new hierarchy." Jim Eckenrode is the Banking & Payments Research Executive at TowerGroup. He focuses his research and advisory activities on the major trends and directions in the global banking industry and, through that research, provides guidance and advice to senior-level banking and technology executives. TowerGroup, a wholly owned subsidiary of MasterCard Worldwide, is the leading research and advisory services firm focused exclusively on the global financial services industry.