Reuters – The financial services industry is practically “lawless” and needs better regulation of individuals entering the sector, a partner at Toscafund, one of the UK’s most high-profile hedge fund firms, said on Monday.
Savvas Savouri, partner and chief economist at Toscafund, has called for tighter scrutiny despite a wave of recent regulation tackling bank capital requirements and bonuses as lawmakers try to avert a repeat of the credit crisis.
