Financial reforms have treated symptoms, not causes, says former senior US govt adviser

| 1 July 2015
Blog & Articles

“A lot of financial reforms have treated symptoms, not underlying causes” says Zoltan Pozsar at FT Camp Alphaville, a former senior advisor at the U.S. Treasury Department and now a director at Credit Suisse AG.

Search for yield is still dominant & cash pools are still around. Without addressing these drivers, how can we become responsible investors?

Read more at: http://blogs.wsj.com/economics/2015/03/17/what-we-dont-talk-about-when-we-talk-about-shadow-banking/