markets-need-better-regulation-not-more

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 support the creation of a supra-national regulator and the re-organisation of domestic regulators, such as merging the Securities and Futures Commission SFC and the Hong Kong Monetary Authority HKMA in Hong Kong. Asian respondents are...
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