Summary
With regulatory reform on its way to passage in the US, Europe has now offered various ideas to reform its financial system. However, much of the regulatory reform proposals in Europe at this stage are just that: proposals. Will Rhode, research analyst at Tabb Group, says confusion in Europe's regulatory structure is vast. Europe is going through various regulatory metamorphoses. Rhode expects tighter regulation in Europe to happen eventually, but he points out a similar scenario to what happened in the US. The basic tug-of-war is, you have politicians on one side wanting to push through regulation and not wanting to let momentum slip, but on the other hand you've got the industry warning them against the hazards of ill-thought-through regulation.
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Extract
Reform Efforts Hit Europe
With regulatory reform on its way to passage in the United States, Europe has now offered various ideas to reform its financial system. However, much of the regulatory reform proposals in Euro...
See the full content of this document
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