For a brief moment at the International Organization of Securities Commissions conference in Montreal last month, events turned unexpectedly Marxist. "Investors around the world: unite and organise yourselves," said Hans Hoogervorst, Chairman of the Netherlands Authority for the Financial Markets.
The audience sniggered at the paraphrasing but not at the sentiment. Indeed, other members of the panel included Mary Schapiro, chairman of the SEC, Gary Gensler, chairman of the Commodities Futures Trading Commission, and Hector Sants, chief executive officer of...