CCH Issues New White Paper: The Obama Administration’s Proposal to Reform the U.S. Financial Regulatory System

(RIVERWOODS, ILL., June 19, 2009) – CCH Principal Securities Law Analyst Jim Hamilton, JD, has authored a new White Paper, The Obama Administration’s Proposal to Reform the U.S. Financial Regulatory System. Hamilton identifies the proposal as the most sweeping and fundamental regulatory reform of the U.S. financial and securities markets since the New Deal. CCH is part of Wolters Kluwer Law & Business, a leading provider of research information and software solutions in key specialty areas for legal and business professionals (

Hamilton explores each aspect of the proposal in depth: creation of a systemic risk regulator; increased regulation of hedge funds and private equity; improving the SEC’s ability to protect investors; harmonizing securities and futures regulation between the SEC and CFTC; regulation of OTC derivatives, including credit default swaps; a strengthened regulatory framework for money market funds; oversight of clearing and settlement systems; creation of a resolution authority for systemically significant financial companies; reform of securitization; new rules on corporate governance and executive compensation; a review of financial accounting standards by the standard setters; and international aspects of financial regulation.

Hamilton also identifies the guiding principles that inform the proposal as a whole.

“The administration believes that the nation must devise a financial regulatory regime for the 21st century to replace what is still essentially a 1930s regulatory apparatus,” Hamilton said.

Hamilton is a prolific blogger on current issues in the securities field. Jim Hamilton’s World of Securities Regulation can be found at He has written and spoken extensively on federal securities law and has been cited as an authority by a federal court. His analysis of the Sarbanes-Oxley Act, the Sarbanes-Oxley Manual: A Handbook for the Act and SEC Rules, is considered a definitive explanation of the Act. In addition to his many books and articles, Hamilton serves as a leading contributor to the industry-standard publication, the CCH Federal Securities Law Reporter.

This latest White Paper from Hamilton is one of a series he has authored on new developments in securities law.

For More Information

Members of the press interested in speaking with Jim Hamilton should contact: Neil Allen at 847-267-2179,; or Leslie Bonacum at 847-267-7153,

For a copy of the White Paper, visit: The Obama Administration’s Proposal to Reform the U.S. Financial Regulatory System (or ).

CCH offers a wealth of special resources related to the financial crisis at the CCH Financial Crisis News Center, The Center provides the legal community and others with a cohesive and robust selection of breaking news stories, analysis and links to the full text of source documents for regulatory actions and serves as a central entry point for CCH banking and securities law resources related to the crisis. Analysis by Hamilton can be found there, as well as on his blog at

About Wolters Kluwer Law & Business

Wolters Kluwer Law & Business is a leading provider of research products and software solutions in key specialty areas for legal and business professionals, as well as casebooks and study aids for law students. Its major product lines include Aspen Publishers, CCH, Kluwer Law International and Loislaw. Its markets include law firms, law schools, corporate counsel and professionals requiring legal and compliance information. Wolters Kluwer Law & Business, a unit of Wolters Kluwer, is based in New York City and Riverwoods, Ill.

Wolters Kluwer is a leading global information services and publishing company. The company provides products and services for professionals in the health, tax, accounting, corporate, financial services, legal, and regulatory sectors. Wolters Kluwer had 2008 annual revenues of €3.4 billion, employs approximately 20,000 people worldwide, and maintains operations in over 35 countries across Europe, North America, Asia Pacific, and Latin America. Wolters Kluwer is headquartered in Amsterdam, the Netherlands. Its shares are quoted on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices. Visit for information about our market positions, customers, brands, and organization.

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