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Regulation not negotiable, says Richard Attias

Published April 28, 2010 at 7:10 AM
Will the post-financial crisis era result in a major overhaul of the world's financial systems as the Great Depression gave birth to the SEC and the FDIC, or will the impact be more confined, like the junk bond scandal that felled Drexel Burnham Lambert and sent Michael Milken to jail? The Deal pondered the question in a video conversation with Richard Attias, who produced the World Economic Forum for 13 years and launched the Clinton Global Initiative. "Regulation is not negotiable, but which type?" asks Attias. The answer will come from dialogue between leaders of the public and private sectors, he says. And that's just what he's organizing now with the The New York Forum, a confab of CEOs, financial leaders and government regulators to be held in June. Watch the video below or download it on iTunes.--Mary Kathleen Flynn

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