Doug McAvoy said the policy would create a two-tier system, with preferential funding for the few.
Ben Bernanke and Sheila Bair also believe that a two-tier system will not be effective.
We have long been of the opinion that this two-tier system of disclosure is harmful to investors.
FORBES: No Freedom of Information When It Comes to Money Managers (November 1, 2000)
The exact details of this "two-tier system" would be hammered out with the banks later on Tuesday, he said.
The big teaching unions have echoed Mr Brennan's warnings about a two-tier system.
However, he was reluctant to be drawn on whether the Old Firm will be invited into a new two-tier system.
So a two-tier system could suddenly emerge in which people only a few years apart in age are treated very differently.
Campaign group Suffolk Action For Truth had objected to the plans saying the move to a two-tier system coincided with recent poor performance.
Gloucestershire, Staffordshire, Warwickshire and Worcestershire are all upper-level authorities in a two-tier system with district councils like Cheltenham, Tamworth, Wyre Forest and Stratford-on-Avon underneath them.
Graham Newman, cabinet member for education, said it was a "fact" that pupils educated within a two-tier system outperformed those educated within a three-tier system.
But Mr Prentis warned delegates about creeping privatisation and said that plans for foundation hospitals will not improve the health service but create a two-tier system.
BBC: NEWS | UK | Politics | Unions attack 'twisted ideology'
The Met's founders wanted to create a democratic body that was "in tune with the people" and so deliberately avoided the two-tier system of recruitment that existed in the army.
In its School Organisation Review, Suffolk County Council is replacing the three-tier system of primary, middle and secondary schools with the two-tier system which cuts out the 40 middle schools.
Liberal Democrats had opposed the introduction of the English Baccalaureate Certificate, believing they would bring in a two-tier system, which would damage teenagers who were not academic enough to pass the new exams.
"But a move to a two-tier system does not sound a good step forward, " he added, saying such a change would mean choices about children's futures being taken at too young an age.
He claimed this had created a two-tier system with some employees who were facing dismissal threatening to make claims against their employer based on gender or racial discrimination to win a larger payout.
Despite an earlier leak claiming that there would be a two-tier system - similar to the old O-levels and CSEs - the new qualification will be a single exam for a wide range of abilities.
There has been some talk about Bangladesh dropping down as part of a two-tier Test system and I favour that, but only with a top tier of nine.
Deputy Jones says Jersey's current two-tier housing system and job licences have not been effective.
The UAW has always resisted a two-tier wage system within one manufacturing site.
Four more middle schools in Suffolk are to close after the county council backed plans to continue a move towards a two-tier education system.
Private universities will create a two-tier university system in which the quality of education is based on family income rather than grades and intelligence.
More than 80 Labour MPs have signed a Commons petition urging the government to rule out fees, which they say would create a "two-tier" system.
But Labour warned he risked creating a "two-tier education system".
In signing the deal, the UAW agreed to a highly unusual two-tier wage system, meaning certain workers in the same manufacturing complex will get paid less than their peers.
GM, which is looking to hire up to 20, 000 new workers in coming years, is hoping for a two-tier wage system, where new employees are paid less than existing workers.
Yet it does attempt to improve Germany's two-tier board system in particular, by making supervisory boards better guardians of shareholders' interests, despite the presence on these boards of workers' representatives and ex-managers.
The federal securities laws establish a two-tier disclosure system.
These federal statutes, however, establish a two-tier disclosure system.
FORBES: No Freedom of Information When It Comes to Money Managers (November 1, 2000)
Monday's briefing will also confirm that Mr Gove has dropped plans for a two-tier exam system - with more academically-able students taking an O-level type exam and the rest taking an easier test.
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