Over 63% of the respondents of Global Pensions 100 Panel said US president Barack Obama's proposals to help keep banks from becoming too big to fail will have a positive effect on the asset management industry.
One of the effects of the financial crisis has been to provoke a debate on financial markets regulation. A common argument is that banks and other financial institutions should no longer be allowed to become large enough so that their failure could pose a systemic risk.
Following this reasoning, Obama proposed drastic reforms envisaging the split between commercial and investment banks, and banning commercial banks from doing proprietary trading. In addition, banks would not be allowed to own hedge funds or private equity houses.
Only 21% of respondents said the effects will be negative.
The Global Pensions 100 Panel was launched in July 2006 and every month asks pension funds two topical questions on events in the pensions industry. To join the 100 panel or for more information, contact: Raquel Pichardo-Allison on +44 (0)20 7968 4576, or email [email protected]
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