Greenwich Associates Issues Report Finding that Private Sector Signals Strong, Albeit Cautious, Support for Financial Regulatory Reform

According to an August 2009 report issued by Greenwich Associates, corporations and financial institutions around the world have expressed strong levels of support for many of the key components of financial regulation reform proposed by governments in the United States and Europe.  Greenwich Associates surveyed 458 large corporations and financial institutions in North America, Europe and Asia about their opinions on various reform proposals and their assessments of how governments and regulators have performed since the start of the global financial crisis.  The results reveal strong support for regulatory proposals including: the establishment of systemic risk regulators, the mandatory separation of investment banking and commercial banking activities, the tightening of hedge fund regulations and derivatives markets reform.  Still, many survey participants pointed out that they are cautiously watching the progress of regulatory reform, even as they broadly support the specific regulatory proposals in question.  We offer a detailed review of the report.

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