Excerpt from Mark Seider’s article on InvestmentNews, “The Regulatory Tightrope” –
“What is needed is forward-looking regulation that can level the playing field between Wall Street and Main Street, create appropriate incentive structures and penalty functions, and protect people from predatory practices. to foster sustainable economic growth while balancing proper regulation, regulators, policymakers and the banking sector must work together in a spirit of cooperation.”
They’ve got the right idea, but missing one big detail – the consumer. “Forward looking” regulation must mean the right regulation for the bank consumers – not the right regulation for the banks.
Keith W. Waitt
President & CEO
Consultancy Matters LLC
