The Committee strongly supports the SEC Chairman Schapiro's commitment to base the agency's regulatory reaction on its professional judgment underpinned with careful empirical studies and not on accommodating political pressure.

The Shadow Financial Regulatory Committee (SFRC) will discuss the latest Dodd-Frank Act developments, Basel III standards for large institutions, living wills for complex financial institutions, and Securities and Exchange Commission accounting and policy initiatives.

At this luncheon press briefing, SFRC members issued statements and answered questions.

The Regulatory Accountability Act is an effort to channel the discretion and improve the performance of the modern administrative state.

The Shadow Financial Regulatory Committee (SFRC) is a group of publicly recognized independent experts on the financial services industry--including banking, insurance, and securities--who meet regularly to study and critique regulatory policies affecting this sector of the economy.

At this luncheon briefing, the SFRC, a group of independent experts on the financial services industry, issued a statement and answered questions.

The Shadow Financial Regulatory Committee (SFRC) is a group of publicly recognized independent experts on the financial services industry--including banking, insurance, and securities--who meet regularly to study and critique regulatory policies affecting this sector of the economy.

At this event, the Shadow Financial Regulatory Committee presented a summary of its meeting on February 21, 2010.