THE DALY CLOSE: Building the Investment Bank 2.0

OPINION

With the new US presidential administration taking over this month, Wall Street can expect a raft of new regulatory oversight. It's doubtful that it will be as onerous as Sarbanes-Oxley but there is serious discussion about moving from today's prescriptive regulations to principles-based regulation, which is the norm in the UK.

Should such a move take effect, the larger multinational firms will be able to leverage their experience of moving their European businesses from prescriptive to

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