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Gary DeWaal Comments on the Financial Services Regulatory Outlook for 2016

Firm News | December 17, 2015

Gary DeWaal, special counsel in the Financial Services group, was interviewed on the 2016 regulatory outlook and its impact on innovation. Gary noted that the current compliance culture, which came about as a response to the financial crisis, has likely gone too far and stifled business growth and new business development. Gary stated that—as recently noted by the current head of the UK Financial Conduct Authority—there needs to be balance between a conservative approach to compliance and innovation going forward. ("Sweet 16: The Tops for 2016–Regulation," John Lothian News, December 17, 2015)

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