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New legislation intended to regulate investments, land rights, taxes, financial services and consumer protections remains stalled in Parliament.
Germany recently passed a law to regulate investments by sovereign wealth funds (SWFs) in "strategic" domestic companies.
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Thus, a need to regulate investment incentive policies on the global level is often discussed.
The Democrat has suggested that he would regulate investment banks, mortgage brokers and hedge funds much as commercial banks are.
It said that revealing the confidential commercial and personal information "would have a devastating effect on the S.E.C.'s ability to regulate investment advisers".
He said he believed the Fed had a right to regulate investment banks more closely, now that the banks may borrow from the central bank under a program put in place after the collapse of Bear Stearns.
"If I had to put my position in a nutshell," he said, "I'd say that mood exists to regulate investment strategies, so that we spend more time on things that work, and less time on things that don't".
Or is it a coincidence that the OECD and the World Bank, which backed policies reducing the ability of poor countries to regulate investment and thereby favouring large multinationals, are controlled largely by North America and the EU, where most of those multinationals are based?
"You want to have technology regulate investment funds and remove the conflicts of interest in these processes".
Second, the nineties saw a big effort to regulate investment banking and to apply bureaucratic standards of risk management - both of which poured cold water on risk-lovers and felt warm and cosy to risk-avoiders.
HEDGE funds, those lightly regulated investments for the very affluent, have traditionally kept a low profile.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com