Ex-Lehman trader says EU should crack down on big banks

nstead of addressing fundamental issues like the role of finance, politicians seem stuck in assuaging public anger, argues Sony Kapoor, a financial adviser to the EU and ex-Lehman Brothers derivates trader, in an interview with EurActiv.

Kapoor, whose think-tank Re-Define has been consulted by the European Parliament and the European Commission on financial regulation, says world leaders have so far shown a lack of vision in reshaping the post-crisis financial system, arguing that it will be up to the EU's competition authorities to clean up.

Outside Brussels, national leaders are missing the bigger picture, says Kapoor, though some have come up with "politically palatable" proposals.

Read more >> | EurActive

Labels: European Union, Financial Policy

- posted by DD @ 1:21 p.m. Perma Link/Print  

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