Lewis Kadens 5 Pros, 5 Cons
On Financial Reform
Citigroup vice chairman Lewis B. Kaden gives his view of five positive contributions from financial reform proposals under development in the U.S. and in Europe and five areas that require a great deal of further study.
POSITIVE #1. Greater Collection of Data.
The capacity given to the U.S. Treasury by the Dodd-Frank Wall Street Reform Act to gather relevant data from all market participants. The limitations on their capacity to gather that data without begging for it from unregulated entities was a serious problem during the crisis, Kaden said.