Reforming Financial Markets - The UK Perspective
While we engage in debate about how to reform our own financial markets here in the US, similar activities are going on in other parts of the world. There's a new government proposal in the UK that includes plans to strengthen their regulatory entities, focusing on managing "high impact" institutions, increasing market transparency, improving consumer protection and education, and enhancing market access. Though our goals may be similar in the US, under this proposal the means for getting there would be somewhat different.
The UK proposal adds an interesting perspective to the ongoing international discussion on this vital topic. If you're interested in learning more, my partner Jacqui Hatfield in the London office here at Reed Smith has written a helpful summary of the UK proposal.
