Merging Regulatory Agencies Endorsed
WASHINGTON (AP) _ A Clinton administration proposal to consolidate financial regulatory agencies into a single institution won endorsement Monday from former federal regulators.
"The presence of such a distinguished group here today shows that support for our reform proposal cuts across regulatory lines and it cuts across party lines," said Treasury Secretary Lloyd Bentsen, who introduced the former officials at a news conference.
"They recognize that we have far too much duplication," he added. "And they recognize that it puts a burden, a costly burden, on our financial institutions.
"The only way the institutions can make that up is through …
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Publication information: Article title: Merging Regulatory Agencies Endorsed. Contributors: Not available. Newspaper title: THE JOURNAL RECORD. Publication date: February 1, 1994. Page number: Not available. © 2009 THE JOURNAL RECORD. Provided by ProQuest LLC. All Rights Reserved.