Jim Eckenrode is the Banking & Payments Research Executive at TowerGroup. He focuses his research and advisory activities on the major trends and directions in the global banking industry. He says the banking industry is on the verge of creating what he calls “a new hierarchy” The deadline for Secretary Geithner to do that by the end of April is the way to improve regulatory oversight of the financial services industry. The banking industry has not been regulated in the same way that banks, even banks, were for all parts of the industry.”]
Source: https://www.cuinfosecurity.com/regulatory-reform-whats-coming-jim-eckenrode-towergroup-a-1340