Lewis Kaden’s 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.’’

NEGATIVE #1. Unregulated Shadow Banking.

Kaden expects there to be “expansion or re-creation of a very large, unregulated segment in the financial services industry” as a result of the reforms. The question of how to regulate them, how to treat them, how to make sure this doesn’t re-create problems in the future “is a very important subject.”


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