Summer is over and it's time to get serious, especially on Wall Street and in Washington, D.C. This week we hear from luminaries in the financial services arena who touch on fraud, regulation and how to keep a large global investment firm from imploding. We also hear about whether an organization that represents banks in America will get involved in buying -- or rather, influencing -- politicians. As the saying goes, money goes to money.
September 07, 2012
4. The Choking Point
These Asian regulators have a common problem, which is that their fledgling markets could be killed off before they are able to fly the nest.
—Bill Herder, executive director of the Asia arm of the Futures Industry Association, commenting on a letter signed by regulators and central banks in Singapore, Hong Kong and Australia expressing concerns about Dodd-Frank's rules on cross-border dealings of swaps.
Source: Financial Times
