In connection with several ongoing initiatives concerning the international competitiveness of US capital markets, the Treasury Department has published a release requesting comments on a number of issues of significance to the financial services industry, including the securities and futures markets. Among other issues, the Treasury Department release requests comments on whether there is a continued rationale for having separate securities and futures regulators and regulatory frameworks and whether it would be useful to apply some of the principles of the Commodity Futures Modernization Act of 2000 to the securities regulatory regime. More broadly, the release asks whether a move towards a single financial market regulator (comparable to the United Kingdom’s Financial Services Authority) would prove beneficial in the United States.

The comment period for the Treasury Department’s release closes on November 21.  http://www.treas.gov/press/releases/reports/federalregisternoticehp602.pdf