Waking up to reform – handling the revolution in global financial regulation
As counsel to many of the world's largest financial institutions, Cleary Gottlieb Steen & Hamilton has recognised from the start that regulatory reform must be viewed through a global lens. While Dodd-Frank and other US legislative measures are key to the process, they are only a part of the picture. The European Union is still addressing some of the issues identified at the 2009 G20 summit. While the G20 is committed to global financial regulatory reform generally, harmonisation ultimately relies on moral suasion and will inevitably be uneven.
With the Dodd-Frank Act signalling a revolution in global financial regulation, Cleary Gottlieb Steen & Hamilton’s Edward Greene explains how his firm’s approach has distilled the issues for clients
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