U.S. political nominees call for increased regulation of the financial industry....

Hedge Fund New York: As political nominees call for increased regulation of the financial industry Opalesque speaks with former Mayor of New York and former US Presidential candidate Rudolph Giuliani about the dangers which arise when `checking off regulatory boxes` becomes the main focus of investment firms.

Financial market turbulence has historically drawn response from the US government in the form of increased regulation. In the shadow of the Lehman and AIG news stories, nominees from both political parties took to the morning news shows to call immediately for increased financial industry oversight. At the same time, former Mayor of New York City, Rudolph Giuliani, spoke about the current financial industry environment and the danger of overregulation to the large audience of hedge fund investors and managers at the Global Alpha Forum in Greenwich, CT. Matthias Knab was chairing the event.

Opalesque had the opportunity to follow up with Giuliani about the problems which arise when government response to financial industry crisis is an increase of regulatory requirements as opposed to streamlining current regulatory agencies and/or addressing the need for updated regulation to reflect the newer investment products.

Giuliani, as US Attorney for the Southern District of New York prosecuted insider traders Ivan Boesky and Michael Milken, and as Mayor saw the city through the financial reverberations of both the bursting tech bubble as well as the immediate financial recession fo......................

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U.S. political nominees call for increased regulation of the financial industry

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