Former Fed Chairman Paul Volcker and Jacob A. Frenkel (Group of 30) released a new report,

The Structure of Financial Supervison: Approaches and Challenges in a Global Marketplace

The attached paper recommends a restructuring on financial market supervision called Twin Peaks.

Both Presidential campaigns have mentioned major structural and regulatory reforms of the financial systems. Volcker is advising Obama and please note, the other paper authors, many are from surviving financial institutions and yes, yet once again, Goldman Sachs is represented.