"In the UK we don't have venture capitalists with law degrees – otherwise known as the US plaintiffs bar"
Which is why litigation won't come to UK courts
"I just hope the regulators take the time and do it right"
"Which will entirely depend on their battle with the politicians"
One speaker expresses his wishes on credit crisis regulation
"We will still need an originate and distribute model, albeit in a different form. But I don't know the politicians will allow it."
"Certainly if McCain wins the US presidential race he won't"
In-house counsel bemoan the reactionary attitudes of politicians
"The SEC was rendered irrelevant in the Bear Stearns takeover. The Fed didn't even invite them into the room."
Is this the death knell for the SEC?
"The universal bank is the winner here, and the universal bank regulator – the FSA, not the SEC."
Even though Citi has taken such large...