Welcome to the October issue of the Industry News. The fragility of the so-called recovery cannot be underestimated.
Growth seems to be the solution.
But this is a lot easier said than done. The government has to strike the balance between clearing out excess capacity and boosting competition in highly regulated industries and on the other hand, continuing to 'save' debt-ridden companies and financial institutions. The potential conflicts between middle office and front office personnel are highlighted in this article. The problem is exacerbated when the middle office police happen to consist of financial graduates with no background in trading. Needless to say, traders dislike being dictated to by inexperienced number crunchers.