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November 25, 2013

97% of finance professionals think regulation can’t stop a crisis

Ninety-seven per cent of financial services professionals do not think enough has been done to prevent a future market crash, despite many recent regulatory changes.

According to a survey by Kinetic Partners, the consultancy, very few believe regulators have a handle on the causes of the financial crisis even now. Of more than 300 professionals surveyed on whether regulators fully understand how the crisis was allowed to happen, just 35 said they did.”

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Read full Financial Times article here

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