Newsletter Feb 2008: US regulatory Blueprint due before end-March

NEW YORK – US treasury secretary Hank Paulson expects to release his keenly awaited Blueprint for the reform of American financial regulation during the first quarter of this year. It will propose an optimal regulatory structure that is different from the existing structure – a “newly-designed model for the U.S financial services industry that should meet the needs of today and be flexible enough to address issues that might come tomorrow,” undersecretary Bob Steel told a New York audience of securities analysts in early February.