GSAM chairman condemns "regulatory nonsense"

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Jim O'Neill, chairman of Goldman Sachs Asset Management, scorned the "fanciful notion" that correct regulation will prevent further bubbles or crises in markets and the "onslaught of regulatory nonsense" in the US and European Union.

O'Neill asserted that the only way to deal with greater levels of regulation is to adjust business models, have the capacity to adapt and the desire to change. "Don't just sit and moan," O'Neill added. He was speaking at the London City Day hosted by SunGard.

Accord

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