US Treasury looks at reg overhaul

US Treasury Department is moving ahead with its examination of the regulatory system for North American financial markets, a move that could ultimately result in one regulatory agency in the US. The department said it was soliciting comments from the industry, which is a continuation of its June effort to begin overhauling the fragmented, and in some estimations antiquated, regulatory structure. Treasury secretary Henry Paulson, a former chairman and CEO of Goldman Sachs, has said that the initiative is designed to strengthen the competitiveness of US financial markets in a global context.Sources said Treasury officials have been meeting in recent weeks with various high level executives from firms, banks and...