Oct. 17 – The Financial Services Authority warns of more regulations and a new class of regulators who will ask tougher questions about the health of financial institutions.
But RBC Capital Markets analyst, Russel Jones, warns of over-regulation as – as he puts it – desperate politicians look for scapegoats – one of which being hedge funds.
Stefanie McIntyre reports.
SOUNDBITE: Russell Jones, analyst, RBC Capital Markets
UK regulators get tough on City
gapfiller
The UK’s financial _____, the Financial Services Authority, _____ a new _____ would ask _____ questions.
_____ Russel Jones is _____ they’ll go _____ far _____ the _____ direction.
"I think _____ going to _____ a _____ of rather _____ politicians over the _____ of the next _____ "months.
"They _____ to look for _____ and the _____ is that we _____ up _____ a financial _____ which is _____ highly _____."
"That’s not _____ a good thing, in _____ historically, _____ always _____ to be a _____ bad thing."
The FSA _____ to _____ short _____ was _____ by some _____ being _____ handed.
"The _____ in markets _____ recent _____ has been _____ traumatic."
"It’ll be _____ much less _____ an _____ on financial _____."
"Hedge funds are _____ of a scapegoat _____ the _____ environment and I _____ they will _____ hit quite _____."
Wealthy _____ are _____ back _____ to hedge funds _____ disappointing _____.
