NU Online News Service, June 24, 12:41 p.m. EDT
NEW YORK–American regulators must put into place "better, not simply more" financial services rules and regulators, while making sure reform efforts sustain, rather than kill the capitalist goose laying all of the economy's golden eggs, London insurance market leaders warned.
Efforts in Congress and the White House to revamp the way financial services are overseen "must go beyond optimistic slogans and brave words," said Lord Peter Levene, chair of Lloyd's of London, in a speech during the annual Lloyd's New York City Dinner.
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