As the investment banking industry is still in recovery mode following the financial collapse in 2008, the only certainty heading into 2013 is uncertainty. The industry is faced with a slew of new regulations, not to mention a badly bruised reputation following the collapse of several high-profile investment banks during the crisis. Tim Long, Managing Director in Protiviti's U.S. Financial Services practice, has plenty of experience to bring to bear, joining the firm in 2012 after a more than 30-year career at the Office of the Comptroller of the Currency, even serving on a group that advised Treasury Secretary Henry Paulson during the economic crisis.
Consulting: How would you say is the state of the financial services consulting market as we start 2013?
Long: There's a lot of uncertainty surrounding Dodd-Frank, which hasn't even been finalized yet. The financial industry is still facing a lot in terms of regulations and laws. The financial industry is under a lot of scrutiny right now. Some of it is deserved but I would contend that some of it's not. They've got some work to do.
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