More Regulation in Sales and Trading?
Will there be more or less regulation in sales & trading in future?
How do you think?
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We already see a lot of regulation nowadays from curbing trader bonus to reduce bank’s risk exposure.
Do you think politicians worldwide nowadays are all trying to please Main Street by disrupting Wall Street? Looks like Wall Street lobbyist strategy no longer perform well.
Can you name specifically which regulation is “curbing traders bonus”? Curious
EU brought in regulation to cap bonus’s at 100% of salary, believe it’s 200% with some specific clause. It’s why salary’s jumped up earlier this decade to compensate. Kind of self defeating really since there’s less money to be clawed back from a multi-year vesting period, as fundamentally the total comp amounts really didn’t go down that much. Nevertheless, it was the headline regular people wanted to see following ‘08.
Obviously, there’s way to get around it in the form of “expenses”, which I believe is more in play for some of the bigger names. Whilst they could certainly put the effort in to do the same for most people, if all banks don’t do it there’s no need to. Always easy to fall back on the “sorry Jim, regulation says no” reason.
Bump
I don’t see regulation regressing. S&T will continue to evolve. If things didn’t change for the better under a majority conservative regime, they will certainly not change under a more progressive political system
Incoming administration is very Wall Street friendly but certainly less hands-off than the outgoing one. It's a bit of a tough question, Dodd-Frank is absurdly convoluted and doesn't really accomplish what it sets out to do. The only real meaningful way forward is to make things a lot simpler, but also more drastic (ie more like Glass-Steagall).
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