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ARTICLE · 20 OCTOBER 2017

Treasury Issues Report And Recommendations On Capital Markets

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On October 6, 2017, the US Department of the Treasury released a 220-page report on reforming the US regulatory system for the capital markets (Capital Markets Report).[

United StatesFinance and Banking
Lona Nallengara
Lona Nallengara
Bjorn Bjerke
Bjorn Bjerke
Geoffrey Goldman
Geoffrey Goldman
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On October 6, 2017, the US Department of the Treasury released a 220-page report on reforming the US regulatory system for the capital markets (Capital Markets Report).1 The Capital Markets Report includes 91 recommendations directed at financial regulators and Congress, but with a focus on the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).

Key Takeaways

The Capital Markets Report represents the Administration's first formal and most detailed statement regarding capital markets reform. Many of the specific recommendations in the Capital Markets Report are not new. We have seen versions of these recommendations before—most recently as part of the Financial Choice Act of 2017 that the House of Representatives passed on June 8, 2017.2 The recommendations align with the direction of the Choice Act and the sentiment regarding capital markets reform expressed by many Republicans in Congress. Interestingly, the Chairs of the

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