The biggest regulatory overhaul since the Great Depression has hit a snag. Or make that several snags. With fierce debate, lobbying and the threat of regulatory nationalism we asked Theo Casey to investigate what is happening across the OTC market.
On Tuesday, 7
June, among a huddle of reporters in an Atlanta briefing hall,
a private banker ambushed a central banker with a passive
aggressive rant about regulation for all the world to
banker was JP Morgans Jamie Dimon. The central banker was
the Federal Reserves Ben Bernanke. And the regulation, we
are led to believe, was the Dodd Frank Wall Street Reform and
Consumer Protection Act, or Dodd Frank.
meandering remonstration, which you can find on YouTube, was
during the International Monetary Conference. In it he reads
through a laundry list of the financial regulation that has
been imposed and that is to be imposed in response to the
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