Merge SEC, CFTC after MF Global - US House Committee
Nov 15 (Reuters) - Regulators, credit rating agencies and MF Global itself were all to blame for the brokerage's collapse last year, a U.S. congressional committee found.
The panel also said in a report that Congress should look at merging two the main U.S. financial supervisors - the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission.
It said the agencies "failed to share critical information" about MF Global.
Congress should explore whether it would be better for the two agencies to "streamline their operations or merge into a single financial regulatory agency that would have oversight of capital markets as a whole," the report said. (Reporting by Douwe Miedema and Emily Stephenson; editing by John Wallace)
- Tesla says in talks with BMW over car batteries, parts
- Exclusive: China ready to cut rates again on fears of deflation - sources
- Actor Dwight Henry eyed in New Orleans killing after arrest for theft
- China building South China Sea island big enough for airstrip: report
- Suicide bomber kills 45 at volleyball match in Afghanistan