Risk 25 firms of the future: Regulators

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Not so long ago, the prevailing mood was for less prescriptive, rules-based regulation and more principles-based guidance. Then came the financial crisis. The four years since the collapse of Lehman Brothers have seen an unprecedented flood of new rules, from trading, clearing and reporting to capital and liquidity requirements. Supervisors are now planning to use regulations to prevent bubbles or stimulate growth – an unlikely development in western economies just five years ago. Policy-makers

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