“The Determination’s conclusions and reasoning were primarily based on the classic “if it ain’t broke, don’t fix it” chestnut that, in our view, has been too frequently absent from the overall Dodd-Frank Act regulatory process.”
“The Determination’s conclusions and reasoning were primarily based on the classic “if it ain’t broke, don’t fix it” chestnut that, in our view, has been too frequently absent from the overall Dodd-Frank Act regulatory process.”
—Peter Green, partner at Morrison & Foerster in London, on the U.S. Treasury’s decision to exempt fx forwards and swaps from the clearing obligation under Dodd-Frank.
What is a bank really buying when it pays for a former prime minister to be a special adviser? Do they really give advice, and just how special can it be?