Subscribe to the Finance Headline RSS feed | Subscribe to the Finance Headline feed via Email2010 OUTLOOK — SECURITIES LEGISLATION: Congress Sure to Pass Reform Bill, but Goal of Transparency May Remain Elusive
January 25, 2010 in Securities Regulation & Law Report · Leave a Comment
The new year promises to bring the most substantial overhaul of securities legislation since the Great Depression, but looming mid-term elections and indications of a revival of a pre-crisis appetite for risk may prevent reform that leads to more transparent capital markets.
Lawyers, trade group representatives, the Consumer Federation of America, and the American Enterprise Institute generally were optimistic that a reform bill will be enacted, despite the controversy that surrounds many specific initiatives, in large part because crises historically trigger political action.
Every financial crisis leads, “with a 100 percent certainty,” to a political reaction…
