Europe’s Debt Crisis Stymies Financial Overhaul
By Mark Scott
Published October 31 2011 New York Times
As the Continent grapples with the sovereign debt crisis, financial regulatory revision in Europe has been put on the back burner, with some rules delayed until at least 2013. The changing priorities have left investment banks, hedge funds and even nonfinancial companies in a holding pattern about compliance and costs, a situation that is weighing on earnings prospects.
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