This blog post continues our expert analysis of complex investments and their regulation.
The Times-Picayune reports that E&Y CEO James Turley, speaking at Tulane University, decried the complex nature of modern investments. (TTP)
... Some of those instruments were created for good reasons, he said, to better reflect complex and abstract financial forces, but the finance industry has yet to succeed at explaining their meaning. "It actually becomes less and less transparent because it's less understandable," Turley said during the 20th installment of Tulane's Burkenroad Institute Symposium onBusiness and Society. "There is a real disconnect going on."
See our previous coverage of complex investments here, here, and here.