Financial Reform’s Breakthrough Year
Although the global financial crisis is now more than four years old, and the Dodd-Frank financial reforms were adopted in the US back in 2010, not much has changed about how Wall Street operates – except that the large firms have become bigger and more powerful. But there are reasons to expect real change in 2013.
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ZANZIBAR – Here’s an odd prediction for the coming year: 2013 will be a watershed for financial reform. True, while the global financial crisis erupted more than four years ago, and the Dodd-Frank financial reforms were adopted in the United States back in 2010, not much has changed about how Wall Street operates – except that the large firms have become bigger and more powerful. Yet there are reasons to expect real progress in the new year.