Treasury Secretary Henry Paulson is expected to outline his plan to revamp the financial regulatory system on Monday, sources said.
The Treasury Department has been working on the plan since last year, and sources said it is putting the final touches on the proposal. Mr. Paulson is scheduled to give a speech Monday morning in the Treasury's cash room.
Though the Treasury has not unveiled the plan, it has offered some clues where it might go.
On Wednesday, Mr. Paulson opened the door to increased oversight by the Federal Reserve Board if investment banks gain regular access to the discount window.
Treasury officials have frequently complained about what they call an overlapping and outdated financial regulatory structure. The department sought comments last year about whether to recommend combining charters, including the national bank and federal thrift charters.
Treasury officials also have frequently cited the United Kingdom's regulatory model as a possible example of more streamlined and effective regulation. They have said the mortgage crisis illustrates the need to strengthen governance of the industry. Observers said such a strengthening could mean increased regulation of mortgage brokers.
Regulatory restructuring has gone from an obscure to a hot topic in recent weeks. House Financial Services Committee Chairman Barney Frank and Sen. Barack Obama have both called for a regulatory streamlining.
