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Wall Street
In the wake of the credit crisis, both candidates have stressed the need for greater transparency and imposing capital requirements on financial institutions.

· Increase capital requirements on financial institutions.

· Remove some of the regulatory, accounting and tax impediments to raising capital.

· Examine how banks and other firms value assets that exacerbated the credit crunch.

· Increase transparency of complex financial instruments.

"Capital markets work best when there is both accountability and transparency. In the case of our current [credit] crisis, both were lacking." -- McCain*
· Impose liquidity and capital requirements on investment banks.

· Streamline regulatory framework of the financial services sector.

· Create an oversight commission that would advise the president, Congress and regulators on the health of and risks facing financial markets.

· Give Federal Reserve supervisory power over any bank that borrows from it.

"Let me be clear: the American economy does not stand still, and neither should the rules that govern it. The evolution of industries often warrants regulatory reform..." -- Obama**




NEXT: Small Business
Last updated October 29 2008: 12:15 PM ET
Source:
*March 25, 2008, Speech, Santa Ana, Calif.
**March 27, 2008, Speech, New York, N.Y.
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