Do Financial Consulting Services Need More Regulation?
The global economic recession of 2008 came as a massive shock to a world that had mislead itself into thinking that progress was the order of the day. The economies of the world took a massive turn for the worse and so did the lives of many. In the aftermath of all of this, many sought someone who should take the blame for all of the wrong that had happened. One of the likely scapegoats in this catastrophe was the sphere of financial consulting services. These are professional firms that have based their entire business model on the notion that they have much greater insight into how the market works. They leverage their purported ability to provide a clear understanding of market forces and trends. They have created such a powerful niche in the world of business that there is no mega-corporation that has not invested heavily in consulting services. The blow back from all of this resulted in pushes for increased regulation of the financial consultancy service providers and industr