Securities Regulation

Challenges Faced By the New Administration

, New York Law Journal

Roberta S. Karmel, Centennial Professor of Law and Co-Director of the Dennis J. Block Center for the Study of International Business Law at Brooklyn Law School, and, during the Winter quarter of 2009, the Harry Cross Visiting Professor at the University of Washington School of Law, writes that the day after Mr. Obama's inauguration, the GAO released a framework for assessing financial regulatory reform proposals, emphasizing that "[r]egulators should have independence from inappropriate influence, as well as prominence and authority to carry out and enforce statutory missions."

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