The global financial crisis is at its end point and the companies seem to back on track now. Us President Mr. Barack Obama has instructed the US bankers to modify some of their rules and regulations to cope up with this situation. The market is recovering and the Banks need to be reformed.

He has warned that the failures of regulation results a distorted market that creates bubbles instead of steadiness in terms of sustainability in growth. The same the financial system was absorbed by disaster after the fall down of Lehman Brothers.

Even at that period of time too Mr. Obama has told the cooper union audience that it is very necessary that we should change the system just after the first fall down otherwise it will be more difficult for us to stand again.

Taking the US Banks into consideration, the President has said that the system will run perfectly when the rule and regulation are perfect and everyone is following the instructions properly. In future, there may be a customer safety agency at the US central bank which could include a new body to safeguard customer's rights.