Compliance

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Greg MacSweeney
Greg MacSweeney
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Sallie Weeps Blood, Greg Smith Cashes In, Breaking Up the Banks and More

Sallie Krawcheck gave what is likely the most graphic description of big bank complexity, while Goldman Sachs prepares for ex-employee Greg Smith's supposedly tell-all book. Here what people are saying about these newsmakers, breaking up the big banks and the euro's continued troubles in this week's top quotes.
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5. Complexity

Some of the rules are complex on their own, but when you take them all together, it's creating this increasingly complex system of regulations. It makes it more and more difficult for ... any participant in the market to do what they are good at because they are spending more and more time and money on ensuring their compliance.

—Chuck Mack, managing director of U.S. options at Nasdaq OMX, on the complexity of regulations in the marketplace.

Source: CNBC: Regulators Eye 'Speed Bumps' for High Speed Traders

 

Greg MacSweeney is editorial director of InformationWeek Financial Services, whose brands include Wall Street & Technology, Bank Systems & Technology, Advanced Trading, and Insurance & Technology. View Full Bio

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