Financial Times FT.com

Congress joins turf war on regulation

By Tom Braithwaite and Sarah O'Connor in Washington

Published: May 29 2009 03:00 | Last updated: May 29 2009 03:00

Senior lawmakers weighed into the turf war on regulation yesterday, expressing scepticism over an idea for a single banking watchdog but supporting a careful overhaul of the discredited -system.

Chris Dodd, chairman of the Senate banking committee, said he was "a little uneasy" about a proposal to replace the range of banking supervisors with one super-regulator, which has been considered by the Obama administration

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