The Administration's financial regulation plan is evolutionary, not revolutionary
"TOO BIG TO FAIL" INSTITUTIONS
Rather than break up big banks, the Administration wants to regulate them more tightly and require the biggest to carry extra-thick capital cushions.
Officials want to shift most trading in the financial instruments to new exchanges. But some contracts could continue to trade over the counter, where there's less scrutiny.
The Administration's plan to consolidate consumer protection in a single new agency faces opposition from the industry and from regulators jealous of their turf.