New story from moneycontrol.com published by Mortimer Goth December 31, 2009

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Financial Regulation: A Looming Sledgehammer!

For the first time in living memory, financial regulation has become a political issue, involving considerations of public morality and in some cases downright envy. First and foremost, taxpayers forced to fund bail-outs are expecting a vengeful clamp-down on bankers’ pay, which they now regard as ludicrously high given recent events. Secondly, governments, regulators and supra-national regulatory bodies, acting in taxpayers’ interests, are wanting to curtail the riskier banking activities. The reform programme and surrounding debate are being led from the UK and US, and to some extent the EU. More: http://tinyurl.com/compensation273