Earlier this week, I was able to interview one of the key players and thinkers on the European Commission team for financial reform as a part of the ‘day job’.
As mentioned here, David Wright, Deputy Director of DG Internal Market and Services, is one of the most public voices right now on the direction the the EU is heading in. When it comes to hedge funds, capital requirements, OTC derivative reform, regulatory arbitrage and more, he is the person to listen to.
The interview is separated into two parts. In the first, Mr Wright discusses many of the elements of finance that need to be reformed.
In part 2, I ask about the prospects for increasing transparency and the influence of regulators in financial transactions…