WASHINGTON — No doubt it is the Obama administration that will today unveil plans for a new era of regulatory oversight, but that blueprint is essentially the Federal Reserve Board's wish list.

The plan would hand the central bank power to oversee systemically important firms while consulting a council that has no authority. The Fed would police all holding companies, including former thrift holding companies and industrial loan companies — a goal it has pursued for well over a decade.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.