Davis Polk & Wardwell‘s recent memorandum, entitled “Treasury’s Rules of the Road for Regulatory Reform,” describes Treasury’s framework for regulatory reform, focusing on the comparatively more detailed proposals for addressing systemic risk, and sets forth some of the issues the government and the private sector may consider as the details are hammered out.

http://www.dpw.com/1485409/clientmemos/2009/03.30.09.regulatory.reform.pdf