From this report:
"The rules governing financial markets and financial institutions are likely to change more in 2011 and 2012 than at any time since the markets were first regulated in the 1930s. Every major company of note will be affected from corporates and banks to hedge funds, insurers and pension funds. The cost will be enormous. Billions of euros (dollars) will need to be spent on new IT systems and operational infrastructure between both market participants and the authorities that over see them. The impact on the markets will be as great if not greater, than the Big Bang in the UK in 1986 and the repeal of Glass Steagall in the US in 1999."
http://www.deutsche-bank.de/medien/en/downloads/Markets_in_2011_3_Markets.pdf
Comments
The cost of bailing out TBTF banks institutions have done more damage and we are struggling with the effects of that. And if more IT is spent, I am sure there will be other companies benefiting from that. It is not all loss. I would rather have to big to fail banks as utilities.
Having said that I agree with most of the regulations on your linked article. Derivatives, dark pools and other shadowy investents should be brought to daylight.
Here are two more articles:
Reforms Have Swap Dealers And Brokers Considering Agency Model: http://news.morningstar.com/all/dow-jones/fund-news/201110151800/000233/reforms-have-swap-dealers-and-brokers-considering-agency-model.aspx
EU To Propose Sweeping Financial Regulation Reforms: http://news.morningstar.com/all/dow-jones/fund-news/201110191815/000652/eu-to-propose-sweeping-financial-regulation-reforms.aspx
US Regulators Take Next Step On Nonbank Oversight: http://news.morningstar.com/all/dow-jones/fund-news/201110111750/000433/2nd-update-us-regulators-take-next-step-on-nonbank-oversight.aspx