That demand, says Keating, quadrupled overnight after the 2008 financial crash.
"Financial industry regulators are down the throats of companies now," says Keating. "Regulators are now non-stop with the proposed federal Volcker Rule and Basel III." The Volcker Rule, part of the Dodd-Frank act, restricts commercial bank investments in hedge funds and private equity funds. Basel III is a global regulatory standard on bank capital adequacy, stress testing and market liquidity agreed upon by the members of the Basel Committee on Banking Supervision in 2010 and 2011.
-Jim McConville