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Washington
Kanjorski announces systemic risk hearing
WASHINGTON (2/27/09)—Rep. Paul Kanjorski (D-Pa.) announced what he said would be the first in a series of hearings to examine how to improve the ability of the government to prevent private sector activities from putting the country’s economy at risk. Kanjorski is chairman of the House Financial Services subcommittee on capital markets, insurance, and government-sponsored enterprises, He said his subcommittee’s series of hearings will assist its parent committee craft legislation to create a systemic risk regulator for the financial services industry. The initial hearing is scheduled for March 5. Witnesses will be announced at a later date.


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