Paul Volker and the Group of 30 have released their report on regulation for the financial industry post crisis.  Volker is advisor to Obama.  They are careful to avoid commentary on the “fixes” but have focussed on the reforms.  Its a wide ranging and sensible report, dealing with the non bank sector, ie hedge funds, and with off balance sheet transactions and derivatives. G30 UPDATE: The Economist has a great peace here summarising the G30 report – How to Fix Finance. The most notable aspect of the report is the call for separation of invesments from banking.  They point out … Continue reading Volker & Group of 30 report on financial reform