Industry Ponders New Face of Regulation

However, what form the new rules will take and what role the regulators will play is harder to agree upon."The creation of a financial market stability regulator is a pretty well-accepted thesis," says Randy Guynn, head of law firm Davis Polk & Wardwell's financial institutions group, who spoke on a panel at the recent Securities Industry and Financial Markets Association's (Sifma's) annual meeting.

However, that might not be enough. The post-crisis regulatory structure could follow the twin