Unified regulatory architecture needed in the US

An influential group of academics, former government officials and business leaders has called for an overhaul of the rules for supervising United States financial markets and stressed the need for a more integrated regulatory structure.

The Committee on Capital Markets Regulation said in a report, published on Tuesday, that there should be only two or three regulators for the financial system - the Federal Reserve, a new United States Financial Services Authority (FSA), and an investor and co