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"There's a lot of concern about having a regulator that roves around, picking up companies unaware they were going to be regulated by a new entity," he said.
"It really is not going to matter much, because those things are going to be regulated anyway," he said.
"I think we're living in a world where basically every major financial institution is going to be regulated by the Fed".
In practical terms, it wasn't all that big a deal; it primarily meant the two firms were going to be regulated by the Federal Reserve rather than the Securities and Exchange Commission.
"We expect in the next few years there will be several bilateral and multilateral agreements that will settle on an international convention for how this is going to be regulated, similar to how deep-sea mining is handled today," she says.
Derivative trading is going to be regulated.
Similar(49)
Any market in higher education is always going to be managed, regulated and politically constrained – hardly a market at all.
"It's going to be government regulated.
"The only thing we should be focusing on, because it's the only thing we're going to be successful at, is regulating how they get to that oil".
So it's going to be mandated and regulated.
I would much rather work in a strip club where I know I'm going to be protected, where it's regulated".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com