Tag: Morgan Stanley
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VIDEO:Morgan Stanley Chair Says Regulation Is #1 Issue
John Mack, Chairman of investment bank Morgan Stanley, says that in the wake of the global financial crisis of 2008-09, the number one issue for the financial industry is regulation. “We need to find some link to bring regulators around the world together, and a more systematized way of communicating and understanding risk,” Mack says. “We need to figure out a way that we have a systemic risk manager and make sure they have the resources to understand, monitor and help regulate our industry.”