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Nomura, Insider Trading and Buying Politicians: Advanced Trading's Week in Review

Summer is over and it's time to get serious, especially on Wall Street and in Washington, D.C. This week we hear from luminaries in the financial services arena who touch on fraud, regulation and how to keep a large global investment firm from imploding. We also hear about whether an organization that represents banks in America will get involved in buying -- or rather, influencing -- politicians. As the saying goes, money goes to money.
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5. Not So Fast

These calls, however, ignore the unintended consequences of making our global banks too small to succeed: Much of the business will migrate to non-U.S. banks and the less-regulated shadow banking sector. [Former CITI CEO Sandy] Weill and the rest also neglect to consider key reforms that protect taxpayers from a potential failure.

—Philip Swagel, on calls to stop banks from being too big to fail

Source: Bloomberg View

 

Phil Albinus is the former editor-in-chief of Advanced Trading. He has nearly two decades of journalism experience and has been covering financial technology and regulation for nine years. Before joining Advanced Trading, he served as editor of Waters, a monthly trade journal ... View Full Bio

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