Regulators lack common sense, panel tells conference
Moving towards more regulation, not less
There is a "complete lack of common sense" in the way regulators approach rule making and they should adopt a more consultative approach, as the cost of doing business has been rising and market participants are increasingly frustrated with the confusion surrounding new rules, a panel on the impact of regulation told delegates at the FX Week USA conference.
Soren Haagensen, managing director and head of e-commerce, Americas, at Societe Generale was the most vocal in calling for regulators to
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