New Reform – United on Regulation, Divided on Details
LAPF Investments, December 1, 2009
Thomas A. Dubbs
For all its chaos, the international financial meltdown has had one good effect. The will to enact much-needed regulatory and corporate governance reform in the United States has never been stronger. The revelation of massive fraud schemes and the near destruction of the international financial sector has shown that reform must happen and quickly. Existing practices have simply been insufficient to protect investors from corporate mis-governance and irresponsible investment strategies. As such, the financial sector in the United States is seeing significant movement on a broad range of reforms.
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