The Fire Next Time

The recent credit crisis threatened to bring down the international financial system and triggered the most daunting economic period since the Great Depression. As industry executives, regulators, investors and others take stock of what occurred leading up to the crisis during the autumn of 2008, we must achieve regulatory parity between the buy-side and broker-dealer communities to prevent the recurrence of such a predicament in the future. The idea of creating a harmonized system for managing