WORLD WELCOMES WATCHDOGS
The era of deregulation is over. Inhabitants of the world’s financial markets must now brace themselves for something new: reregulation.
For the last thousand days, the winds of deregulation have swept away all manner of controls and barriers and restrictive dealing practices.
But regulators, academics and politicians are growing progressively more worried about the changes they’ve unleashed, uncertain about their effects and afraid of their impact on a banking system still recovering from the debt crisis.
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