Ninety-seven percent of financial services professionals said they don’t believe enough has been done to avoid a repeat of the devastating 2008 economic crisis, according to The Financial Times.
Across the globe, regulators have sought to construct new domestic and international rules to stave off a future market crash.
But, according to a survey by the firm Kinetic Partners, only a small fraction of finance professionals think regulators have sufficiently shored up weaknesses in the system, The Financial Times reports.
“Of more than 300 professionals surveyed on whether regulators fully understand how the crisis was allowed to happen, just 35 said they did,” according to the newspaper.
More from the FT here.
Survey: Regulations not enough to stop another crisis
By Benjamin Goad - 11/25/13 08:54 AM EST