The United States and the world as a whole must adopt a more investor-centric approach to regulating the capital markets and abandon the deregulatory thinking of the past that left too many holes of risk unfilled, officials said at Compliance Week 2009.
“If there’s a silver lining in the dark clouds, it is that turmoil creates opportunity to fix the plumbing of the U.S. regulatory architecture, patching leaks and modernizing the piping in a way that promotes market stability and investor confidence,” Richard Ketchum, chairman and CEO of the Financial Industry Regulatory Authority, or FINRA, told the more than 300 attendees.
Likewise, ...