The secretary also said the department expects to make permanent a temporary regulation enacted after the September 11 terrorist attacks requiring all ships to provide 96-hour advance notice before docking in U.S. ports.
White should also recognize that the SEC faces the same talent pool issues as do all federal bureaucracies: Is it preferable to hire some Ivy Leaguer from a white-shoe law firm for three years or to reward and cultivate the hard work of an SEC employee seeking to makea career in regulation?
But Lib Dem peer Lord Oakeshott said his party's Business Secretary Vince Cable had "given a very serious warning last Monday in the cabinet against elevating these financial regulation points into amake or break deal".