a non-active Finextra member
12 March 2009 | 2840 views | 2 | Recommends 0
I suspect the memorable phrase coined today by Hector Sants, CEO of the Financial Services Authority, will long be remembered as a turning point in the debate about regulatory structure.
He said "a principles-based approach does not work with participants who have no principles".
TagsRisk & regulationPost-trade & ops