The Tough Choices Between Security and Market Efficiency in Financial System——The Legislative Process of American Financial Regulatory Reforms Bill

The reform bill of financial regulation in American is the result of government financial world and the publics to the profound reflection of American financial system after Wall Street financial tsunami.And it is the most severe financial regulatory reform bill since the great depression.The bill aimed at strengthening regulation to commercial Banks and investment Banks,the trading mode of financial derivatives.The legislative process of American financial regulatory reforms bill is a process to the tough choices between security and market efficiency in financial system.