BlackRock (BLK) CEO Larry Fink told the audience at the second day of Goldman Sachs’s (GS) Financial Services Conference that the global financial system does need more regulation, that the course of reform is uncertain, and that BlackRock “is the guinea pig” in this reform movement. (Complete replay of Fink’s remarks, with slides, will be available here.)
Addressing certain proposed reforms in particular, FInk said reforms under consideration that would alter terms of first lien holders of mortgages through a securitized bond could be “damaging” to investors and hurt the asset backed securities (ABS) market from rebounding.
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