Changes in the regulatory and economic landscape have made many Wall Street executives more conservative and risk averse since 2008, according to a recent whitepaper from Morgan Stanley.
A tight regulatory environment including the wide-ranging financial reforms of Dodd-Frank as well as reductions in compensation were ranked by a quarter of executives as the most significant change affecting their wealth since 2008. Those factors “are creating a defensive mindset where financial services executives are most likely protecting instead of leveraging their assets,” the study reported.
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