Corporate concessions

Pauline Wallace, PricewaterhouseCoopers

Since Lehman Brothers collapsed last year, the regulatory reform agenda has progressed with a sense of inevitability. Various bankers, hedge fund managers and industry representatives have stood in front of congressional hearings to give testimony on what they perceive to be the advantages of over-the-counter derivatives. For the most part, it has been to little avail - the push for regulatory reform has continued regardless. The past couple of months, however, have seen a shift. Following publi