No surprises in that statement, the show must go on. Financial markets are incredibly complicated. While manageable by a central authority to some degree, the best-laid plans of mice and men often go awry. The regulatory bodies of various countries have drafted tens of thousands of pages of financial regulations to minimize fraud and penalize immoral behavior in financial markets. Unfortunately, the complicated and occasionally conflicting nature of these various regulations often gives larger institutions with deep pockets access to loopholes. The majority of smaller institutions and individuals lack the financial means to accurately interpret these loopholes, leading to asymmetrical…...
Volcker Act Gets Sacked, Corporate Giants Stand to Benefit
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