Killing the CAT: why a key regulatory tool is under attack from Wall Street

Q: How long will it take to read this news story?

The story "Killing the CAT: why a key regulatory tool is under attack from Wall Street" has 865 words across 37 sentences, which will take approximately 4 - 8 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Killing the CAT: why a key regulatory tool is under attack from Wall Street" was covered 11 hours ago by Financial Times, a news publisher based in United States.

Q: How trustworthy is 'Financial Times' news outlet?

Financial Times is a fully independent (privately-owned) news outlet established in 1888 that covers mostly markets, finance, and investing news. The outlet is headquartered in United States and publishes an average of 16 news stories per day. It's most recent story was published 11 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Negative, indicating that people regard this as "bad news".

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #23605142</li><li>URL: https://beamstart.com/news/killing-the-cat-why-a-17316977487817</li></ul>

Financial Times 11h ago

Killing the CAT: why a key regulatory tool is under attack from Wall Street - Financial Times

Quick Summary:

That risk is unprecedented,” says Gellasch who recently wrote to the SEC urging a rethink in CAT’s structure before any changes were forced upon it.

They have warned thousands of regulators could access this through what amounts to the world’s second largest database, behind that of the National Security Agency.“The Constitution expressly prohibits uncaging this CAT,” lawyers argued.

Gellasch fears that the courts or Congress could decide that CAT does exceed the SEC’s authority, or question its funding structure.