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Foreign Exchange

Smart regulation? Don’t be daft

A new report this week from Aite Group examines the key components of financial regulation being considered in the US and asks the simple question: “Smart regulation. Is it possible?”


After skimming through it, I sent the consultancy group a brief summary. “Smart regulation is not possible in the US because there are too many dipsticks doing the regulating.”


A spokesman for Aite seems to agree. “That is certainly one way to put it that I think Paul (Zubulake – the report’s author) tried to avoid saying outright in the report.”

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