These efforts include steps to improve corporate governance and banking practices, overhaul the legal frameworks, and strengthen prudential regulation and supervision of financial institutions.

CNN: REFORM IS CRUCIAL

Certainly there will be much closer supervision of national budgets, with some kind of legal structure to enforce rules on spending.

BBC: Eurozone solution in sight?

Until Congress acts, the Obama administration must renew its commitment to urgent reform of the detention system by closing the most egregious detention facilities, aggressively working with nongovernmental organizations to promote community-based supervision programs for those in proceedings, and pushing for legal regulation and third party oversight of the remaining detention centers.

CNN: Locking up thousands of immigrants is wrong

Now that Morgan Stanley and Goldman Sachs, the last two remaining big independent Wall Street firms, have converted to bank holding companies, a legal switch that placed them under the regulatory authority of the Federal Reserve, Mack insists that proper supervision is in place.

NEWYORKER: What Good Is Wall Street?

Officials also pledged legal and regulatory reforms, including amendments to the Bankruptcy Act to speed up collateral collection by creditors, tighter supervision and examination of accounts of financial institutions, and tougher disclosure requirements to promote transparency.

CNN: UNDER THE KNIFE