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From Kirsten Bischoff, Opalesque New York:

At times this week it was difficult to tell if the constant media focus on US financial regulation was due to the slow news of summertime or real concern over how it would affect financial firms. However, according to a survey by New York based risk management firm Capital Market Risk Advisors Inc the concern is not exaggerated.

The survey results, released ahead of a wider report to be published next week, showed that government interference in the financial markets is the number one concern for US firms. CMRA Managing Partner Leslie Rahl says "It is disappointing but not surprising that 'government changing the rules' is the number one concern for US participants for the 2nd year in a row."

Disappointing because the concern remains unquantifiable even though the process to change financial regulation has been underway since 2008. Not surprising because even though President Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act into law on July 21st the fact that so much of the actual processes will be written and formed over the next few years, means it is likely that government interference could remain at the top of people's concerns for the foreseeable future.

Meanwhile, according to the CMRA survey, only 37% of respondents thought the Financial Reform Bill would actually make the system safer. The CMRA survey results are not is......................

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