crisis-may-give-clsas-model-a-lift-says-chairman

Crisis may give CLSA's model a lift, says chairman

Rob Morrison talks about the current crisis and the likelihood of new regulations separating deposit-taking and risk-taking.
The chaos on Wall Street over the past week may well see more bulge bracket firms return to a research-driven brokerage model that involves less risk-taking and less involvement of their own balance sheets û much like what CLSA has been doing since it was set up more than 20 years ago, the bankÆs chairman said yesterday.

Speaking at a media briefing on the opening day of CLSAÆs 15th annual investment forum in Hong Kong, Rob Morrison argued that such a move could be the result either of a push by regulators, or because people understand ôthat other models do not workö.

ôI think the regulators will enforce the issue that if you want...
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