Markets need better regulation, not more

Financial market participants want world leaders to recommend tougher regulations, according to a law firm survey.

The global finance community agrees on the need for better rules to prevent a repeat of the current crisis, but is divided on what that means.

As leaders from the world's biggest economies meet to thrash out a new world order for the global financial markets this weekend, a survey of Allen Overy clients reveals that market participants would like to have tougher market regulation and a consolidation and restructuring of the regulators themselves.

The 131 respondents in Asia strongly...

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