Rubin Warns against Rushing to Revamp Financial Industry
de Senerpont Domis, Olaf, American Banker
WASHINGTON - Former Goldman Sachs co-chairman Robert Rubin, en route to winning Senate confirmation as Treasury secretary, warned lawmakers against moving too quickly on financial industry modernization.
"We can make American financial markets more competitive and more efficient through modernizing regulatory structure and regulations, but the issues are very complex and competing considerations must be weighed carefully and thoughtfully," Mr. Rubin said.
Both the House and Senate banking committees are expected to consider legislation this year to overhaul the regulation of the banking and financial services industry.
For the administration, financial industry …
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Publication information: Article title: Rubin Warns against Rushing to Revamp Financial Industry. Contributors: de Senerpont Domis, Olaf - Author. Magazine title: American Banker. Volume: 160. Issue: 7 Publication date: January 11, 1995. Page number: 2. © 2009 SourceMedia, Inc. COPYRIGHT 1995 Gale Group.
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