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DATE: 03-18-88

31 -- Money and Finance

Working Group on Financial Markets

By virtue of the authority vested in me as President by the Constitution and laws of the
United States of America, and in order to establish a Working Group on Financial
Markets, it is hereby ordered as follows:

Section 1. Establishment. (a) There is hereby established a Working Group on Financial
Markets (Working Group). The Working Group shall be composed of:

(1) the Secretary of the Treasury, or his designee;

(2) the Chairman of the Board of Governors of the Federal Reserve System, or his
designee;

(3) the Chairman of the Securities and Exchange Commission, or his designee; and

(4) the Chairman of the Commodity Futures Trading Commission, or her designee.

(b) The Secretary of the Treasury, or his designee, shall be the Chairman of the Working
Group.

Sec. 2. Purposes and Functions. (a) Recognizing the goals of enhancing the integrity,
efficiency, orderliness, and competitiveness of our Nation's financial markets and
maintaining investor confidence, the Working Group shall identify and consider:

(1) the major issues raised by the numerous studies on the events in the financial
markets surrounding October 19, 1987, and any of those recommendations that have the
potential to achieve the goals noted above; and

(2) the actions, including governmental actions under existing laws and regulations (such
as policy coordination and contingency planning), that are appropriate to carry out
these recommendations.

(b) The Working Group shall consult, as appropriate, with representatives of the various
exchanges, clearinghouses, self-regulatory bodies, and with major market participants to
determine private sector solutions wherever possible.

(c) The Working Group shall report to the President initially within 60 days (and
periodically thereafter) on its progress and, if appropriate, its views on any
recommended legislative changes.

Sec. 3. Administration. (a) The heads of Executive departments, agencies, and
independent instrumentalities shall, to the extent permitted by law, provide the Working
Group such information as it may require for the purpose of carrying out this Order.

(b) Members of the Working Group shall serve without additional compensation for their
work on the Working Group.

(c) To the extent permitted by law and subject to the availability of funds therefor, the
Department of the Treasury shall provide the Working Group with such administrative and
support services as may be necessary for the performance of its functions.

The provisions of Executive Order 12631 of Mar. 18, 1988, appear at 53 FR 9421, 3 CFR,
1988 Comp., p. 559, unless otherwise noted.


PS:
Falls allen schon hinreichlich bekannt, bitte ich das Posting zu löschen.Danke.

Emerald.

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