The United States government must manage to provide the most efficient regulatory environment possible without destroying the financial services industry.
A new report from Aite Group, LLC examines the various key components of financial regulation being considered by U.S. Senate today. It also provides Aite Group’s view on the likelihood of each being implemented, and in what ultimate form.
While the debate about what caused the financial crisis may rage on indefinitely, one obvious issue was the lack of proper regulatory authority for over-the-counter (OTC) securities. As such, building a new regulatory structure has become the number-one priority in the financial markets. While there is no simple solution, the United States government must manage to provide the most efficient regulatory environment possible without destroying the financial services industry.
"Regulation may now become an election issue for 2010, as the Obama administration seeks to change the negative momentum associated with healthcare reform after the election of U.S. Senator-elect Scott Brown in Massachusetts," says Paul Zubulake, senior analyst with Aite Group and author of this report. "No regulation should be implemented without careful consideration, however. The U.S. economy is a service-based one, and financial engineering and management is the country’s number-one business. This dilemma makes the upcoming legislative decisions ever so important; the future of the country’s economy hangs in the balance."
This 23-page Impact Report contains one figure and five tables. Clients of Aite Group’s Institutional Securities & Investments service can download the report at the Aite Group website.
