The Presidential Task Force on Market Mechanisms, also known as the Brady Commission, was set up to study the stock market decline of October 1987. He commission, formerly named the Presidential Task Force on Market Mechanisms was chaired by former U.S. Senator Nicholas Brady, who later served as Secretary of the Treasury in the cabinet of U.S. President George Herbert Walker Bush.
The Brady group recommended the Fed be given new regulatory authority over key intermarket issues such as circuit breakers, margins and clearing systems.
The Brady Commission produced a report in 60 days.
- Market volatility explained. Fortune.
- BRADY, Nicholas Frederick. Bobsguide.
- Reagan Group Is Likely to Back Broad Proposals on Stock Crash. New York Times.
- Why an Independent Financial Markets Commission Is Needed Now. Heritage Foundation.