Forbes – Gary Cohn is concerned about under-regulation. The shocking thing about this is that Cohn is president and COO of Goldman Sachs- not exactly a proponent of regulatory overhaul. The not so shocking part about his view is that it refers to under-regulation of hedge funds and other businesses Goldman doesn’t run.
At the World Economic Forum in Davos, Cohn warned that over-regulation of banks could push risky investments and activities into the hands of less regulated institutions like hedge funds, the Financial Times reports.