Jordan Kimmel "Securities Regulation After the Economic Crisis"

J. KimmelBack in June, Federal Reserve Governor Daniel Tarullo said ..."Capital market developments of the last several decades are not going to be fundamentally reversed, nor should we want them to be. Reform by nostalgia is not usually an effective approach, since it tends to forget the problems of the past and deny how much has changed. The task is to refashion a regulatory structure so as to encourage the efficient allocation of capital to productive uses, while protecting the financial system from the defects and excesses that are inherent in financial markets."

National Securities Analyst Jordan Kimmel says transperency is the first big step we must take.