Washington, June 16 - President Obama on Wednesday will propose broad, dramatic changes to the way the government regulates financial markets, including a new Treasury-led council that will try to fill regulatory gaps and identify risks to the system, and new authorities allowing the Fed to serve as the consolidated supervisor of all large, interconnected firms.(AFX UK Focus) 2009-06-17 00:15 US GOVTS: Obama to Propose Financial Council, Broader Fed Powers (Interactive Investor)

Focus on professionalism is key to Dubai’s recovery, says CIMA Director (AME Info)CIMA (Chartered Institute of Management Accountants) Director Andrew Harding last night warned Dubai that it must focus on developing professionalism in the world of finance, if the region is to secure its position as the leading financial hub between the East and the West.

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